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Bosnia's Federation sells 10.2 mln euro of 9-mo T-bills, yield drops - table

Bosnia's Federation sells 10.2 mln euro of 9-mo T-bills, yield drops - table License: Creative Commons CC0

SARAJEVO (Bosnia and Herzegovina), November 14 (SeeNews) – Bosnia's Federation sold out its entire offering of 20 million marka ($12.0 million/10.2 million euro) worth of nine-month Treasury bills in Tuesday's auction on the Sarajevo Stock Exchange, the entity finance ministry said.

The bonds were sold at an average weighted price equal to 99.9927% of par, the Federation finance ministry said in a press release. The weighted average yield was 0.0098%, down from 0.05% achieved at the last nine-month T-bill auction held in October.

The issue was heavily oversubscribed, with the value of received bids totalling 78.5 million marka.

The T-bills will mature on August 15, 2018.

  November 14 October 17
Amount sold (mln marka) 20 20
Total bids placed (mln marka) 78.5 84.5
Par value 99.9927% 99.9596%
Yield 0.0098% 0.05%

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

(1 euro=1.95583 Bosnian marka)

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