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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|
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)