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Dec 03, 2020 15:29 EEST
December 3 (SeeNews) - The finance ministry of Bosnia's Federation said it cancelled the auction of 60 million marka ($37 million/31 million euro) worth of two-year Treasury notes scheduled for December 8.
The cancellation is due to the adequate liquidity level of the entity's budget and its reduced financing needs, the Federation's finance ministry said in a statement last month.
This is the fourth debt auction which the finance ministry has cancelled in the fourth quarter. In October, it cancelled a planned 50 million marka issue of six-year Treasury notes and a planned sale of 30 million marka worth of five-year notes, whereas in November it cancelled a planned 50 million marka worth of three-year borrowing.
The ministry said earlier that it planned to issue up to 290 million marka in short- and long-term debt on the domestic market in the fourth quarter of 2020, including the cancelled auctions.
(1 euro = 1.95583 marka)
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