May 25 (SeeNews) - Bosnia and Herzegovina's Federation sold 19.96 million marka ($11 million/10.2 million euro) worth of ten-year Treasury notes at an auction held on May 23, slightly below its 20 million marka target, the entity's finance ministry said.
Bids placed in the auction held on the Sarajevo Stock Exchange (SASE) totalled 31.4 million marka, the finance ministry said in a statement filed with the bourse on Wednesday.
The government securities were sold at an average accepted price of 99.8028% of par, yielding 3.790%. The T-notes issue will mature on May 24, 2033.
At the last auction of ten-year T-notes held in June 2022, the Federation's finance ministry sold securities worth 30 million marka, in line with target.
The Federation is one of two autonomous entities that form Bosnia and Herzegovina. The other one is the Serb Republic.
(1 euro = 1.95583 marka)