Bosnia's Federation sells 10.2 mln euro of T-bills

Bids at the auction held on the Sarajevo Stock Exchange totalled 51.2 million marka, the finance ministry said in a statement.

The par value of the government securities is 10,000 marka apiece, while the average accepted price was equivalent to 100.1470% of par, yielding a negative 0.195%.

At the last auction of nine-month T-bills held in December 2018, the Federation sold 20 million marka worth of government securities at a negative 0.134% yield.

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

(1 euro = 1.95583 marka)