In a well-calculated financial move, North Macedonia’s Ministry of Finance raised approximately 1.5 billion denars (around €24.4 million) in a treasury bill auction held on Tuesday.
The bills, set to mature in June 2026, offer a modest yield of 3.25%, a rate that reflects the country’s stable, though cautious, approach to attracting capital.
The Central Bank of North Macedonia, which conducts the auction on behalf of the Ministry of Finance, uses this structured process to sell government securities to primary dealers.
The auction is a typical practice, where the price and coupon rate are pre-set, with dealers bidding only on the amount they wish to purchase.
With government bonds offering a guaranteed return, such sales play an important role in strengthening the country’s fiscal position while providing investors with relatively low-risk opportunities.
