Bosnia's Federation sells 15.3 mln euro of 9-mo T-bills

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)