May 7 (SeeNews) - Bosnia and Herzegovina's Federation entity sold out on Tuesday a 30 million marka ($16.5 million/15.3 million euro) offer of nine-month Treasury bills, the entity's finance ministry said.
Bids at the auction held on the Sarajevo Stock Exchange totalled 45.05 million marka, the finance ministry said in a bourse notice.
The average accepted price was equivalent to 97.1779% of par, at a yield of 3.883%.
At the last auction of nine-month T-bills held in December, the Federation sold 40 million marka worth of government securities at a yield of 3.5015%.
The Federation is one of two autonomous entities forming Bosnia and Herzegovina. The other one is the Serb Republic.
(1 euro = 1.956 marka)