Total of 219,706 shares sold at second auction of Treasury Administration

- At today’s (February 17, 2009) auction for sale of treasury shares (short-term securities), total of 219,706 shares worth 2,197,060,000 RSD were sold, which represents 73.24% of the issue and the proof of high level of trust between the investors and the state – the Treasury Administration announced.

The shares were sold at the interest rate of 16.5% on annual basis, and they will be due on May 19, 2009.

- All responsible countries have serious shares in financial market – says Ivan Maričić, the CEO of the Treasury Administration, who explained that "this is only the beginning of forming of our country’s issuing strategy on mid-term and long-term basis ".

The issuing of treasury shares, which can also be bought by citizens through 39 authorized participants, contributes to the stability of financial market and creates more favorable ambience for foreign investments in Serbian economy sector. The next auction for sale of three-month treasury shares of Republic of Serbia will be organized on March 3rd, 2009.