Total of 142,684 treasury shares sold at third auction – 1.4 billion RSD

- At today’s (March 3rd, 2009) auction for sale of treasury shares, the third since the beginning of this year, 47.56% of the issue, that is, total of 142,684 shares worth 1,426,840 RSD, has been sold. The shares have been sold at the interest rate of 16.5% on annual basis, and they are due on June 2nd, 2009 – the Treasury Administration announced.

- The first three auctions clearly show that the project for issue of treasury shares develops successfully and efficiently, that complex auction procedures function without any problems, and that the stable market has been established for the government securities – said Ivan Maričić, the CEO of the Treasury Administration, and added that the Treasury Administration would keep on working on the issuing strategy of our country on mid-term and long-term basis.

The issuing of treasury shares contributes to improvement of stability of financial market and creates more favorable environment for domestic and foreign investments, which also helps development of Serbian economy sector. The next auction for sale of three-month treasury share of Republic of Serbia will be held on March 10th, 2009.