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Bosnia's Federation cancels all Treasury paper planned in Q3

Bosnia's Federation cancels all Treasury paper planned in Q3 License: Creative Commons CC0

SARAJEVO (Bosnia and Herzegovina), June 13 (SeeNews) – The ministry of finance of Bosnia's Federation said on Wednesday it is cancelling all auctions of government securities planned in the third quarter of 2018.

The cancellation is due to its adequate level of liquidity and the reduced need for financing, the ministry said in a statement.

According to the auction calendar posted on the finance ministry website, the entity planned to offer 170 million marka ($102.2 million/86.9 million euro) worth of Treasury paper in the third quarter.

The Federation is one of the two autonomous entities forming Bosnia and Herzegovina. The other one is the Serb Republic.

(1 euro=1.95583 Bosnian marka)

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