SARAJEVO (Bosnia and Herzegovina), December 6 (SeeNews) – Bosnia's Federation sold on Tuesday 5 million marka ($2.7/2.6 million euro) in six-month Treasury bills on the Sarajevo Stock Exchange, well below target, the entity's finance ministry said.
The bonds were sold at an average weighted price equal to 99.4299% of par, corresponding to a yield of 1.15%, up from -0.0028% achieved in the previous auction of six-month T-bills held on June 7, the ministry said in filing with the Sarajevo bourse.
Demand totalled 5 million marka compared to an offer of 20 million marka.
|
December 6 |
June 7 |
Amount offered (mln marka) |
20 |
20 |
Amount sold (mln marka) |
5 |
20 |
Total bids placed (mln marka) |
5 |
56.7 |
Bid-to-cover ratio |
1 |
2.8 |
Yield |
1.15% |
-0.0028% |
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)