SARAJEVO (Bosnia and Herzegovina), December 5 (SeeNews) – Bosnia's Federation sold out its entire offering of 20 million marka ($11.6 million/10.2 million euro) worth of five-year Treasury notes in an auction on the Sarajevo Stock Exchange on Tuesday, the entity's finance ministry said.
The bonds were sold at an average weighted price equal to 99.9320% of par, the Federation finance ministry said in a press release. The weighted average yield was 0.914%, down from 1.20% achieved at the last five-year Treasury note auction held in December 2017.
The issue was heavily oversubscribed, with the value of received bids totalling 83.55 million marka.
The T-bills will mature on December 5, 2023.
Details follow:
|
Dec'18 |
Dec'17 |
Amount offered (mln marka) |
20 |
30 |
Amount sold (mln marka) |
20 |
30 |
Total bids placed (mln marka) |
83.55 |
100.5 |
Yield |
0.914% |
1.20% |
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)