SARAJEVO (Bosnia and Herzegovina), September 6 (SeeNews) - The finance ministry of Bosnia's Federation said on Friday it is cancelling a 40 million marka ($22.6 million/20.5 million euro) Treasury bond auction scheduled to take place on September 10.
Considering the adequate liquidity level of Bosnia's Federation Treasury account and the decreased financing needs, the finance ministry has decided to cancel the planned sale of seven-year bonds, it said in a statement.
Last month, the Federation's finance ministry cancelled an auction of 20 million marka worth of nine-month T-bills planned for August 27 for the same reasons.
The ministry plans to hold a 30 million marka three-year T-note auction on September 24.
The Federation is one of two autonomous entities that make up Bosnia and Herzegovina. The other one is the Serb Republic.
(1 euro=1.95583 marka)