Second auction for sale of treasury shares on February 17th

The Treasury Administration of Serbia has announced today (February 13, 2009) that 3 billion RSD worth of the second issue of three-month treasury shares will be offered for sale on auction on Tuesday, February 17th.

According to the announcement, the citizens will be able to take part in the auction exclusively through authorized participants – business banks and broker companies.

The list of the authorized participants can be found on the following web address: http://www.trezor.gov.rs/uploads/projects/3_7_OvlasceniUcesnici-20090212.pdf.

According to the regulations introduced by the Government of Serbia, the minimum value of the treasury shares that can be bought by a single participant in the auction is 200,000 RSD, while the maximum value amounts to 15% of total issue.

The first auction for sale of the treasury shares of Republic of Serbia was held on February 5th. On that occasion, 84,470 shares worth 844.7m RSD were sold, which represents about 42% of the issue worth 2 billion RSD.

The shares were sold at the interest rate of 15%, and they will be due on May 7th, 2009.

The CEO of the Treasury Administration, Ivan Maričić, estimated that the Serbian market had capacity for trade in those securities, and he expressed belief that the new auction would be successful.

According to the announcement of the Treasury Administration, the next auction for sale of three-month treasury shares of Republic of Serbia will be organized on March 3rd, 2009.