SARAJEVO (Bosnia and Herzegovina), October 16 (SeeNews) – Bosnia's Federation sold out its entire offering of 20 million marka ($11.8 million/10.2 million euro) worth of nine-month Treasury bills in Tuesday's auction on the Sarajevo Stock Exchange, the entity's finance ministry said.
The bonds were sold at an average weighted price equal to 100.0786% of par, the Federation finance ministry said in a press release. The weighted average yield was negative 0.105%, down from positive 0.0098% achieved at the last nine-month T-bill auction held in November 2017.
The issue was heavily oversubscribed, with the value of received bids totalling 126.5 million marka.
The T-bills will mature on July 17, 2019.
Details follow:
| |
October 16 |
November 14 |
| Amount sold (mln marka) |
20 |
20 |
| Total bids placed (mln marka) |
126.5 |
78.5 |
| Par value |
100.0786% |
99.9927% |
| Yield |
-0.105% |
0.0098% |
The Federation is one of the two autonomous entities forming Bosnia and Herzegovina. The other one is the Serb Republic.
(1 euro = 1.95583 marka)