Bosnia's Federation cancels Dec 8 government debt auction

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)