Skopje, 15 October 2001
Press release of the NBRM
The National Bank of the Republic of Macedonia is selling short-term securities - treasury bills. The treasury bills are in non-tangible form and they are selling with a discount and maturity date as of:
· 7 days with 11% interest;
· 14 days with 11% interest; and
· 28 days with 17% interest, annually.
· Illustratively shown as:
|
Nominal amount
|
Maturity
|
Interest rate
|
Discount amount (amount paid in when purchasing the treasury bill)
|
Interest received when the treasury bill matures (differential between nominal and discount amount) |
|
1 |
2 |
3 |
4 |
5=1-4 |
|
1.000.000,00 |
7 |
11% |
998.001,00 |
1.999,00 |
|
1.000.000,00 |
14 |
11% |
996.005,00 |
3.995,00 |
|
1.000.000,00 |
28 |
17% |
988.028,00 |
11.972,00 |
The sale of the CB bills to interested persons is conducted through banks, which on their behalf and for the account of third parties took a part of the primary market of the National Bank of the Republic of Macedonia.
The minimal amount of treasury bills which can be bought by banks with the National Bank of the Republic of Macedonia, equals Denar 1,000,000.00.
All interested parties for CB bills purchase can turn to commercial banks or the National Bank of the Republic of Macedonia on tel. 108-283 and 108-401 for more information.
The National Bank of the Republic of Macedonia
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