July 12 (SeeNews) - Bosnia's Federation sold out a 40 million marka ($20.5 million/20.45 million euro) issue of two-year Treasury notes at an auction held on Tuesday, the entity's finance ministry said.
Bids placed in the auction held on the Sarajevo Stock Exchange (SASE) totalled 41 million marka, the finance ministry said in a statement filed with the bourse.
The government securities were sold at an average accepted price of 99.9683% of par, bearing an interest rate of 2.235%.
The T-notes issue will mature on July 13, 2024.
The Federation is one of two autonomous entities that form Bosnia and Herzegovina. The other one is the Serb Republic.
(1 euro = 1.95583 marka)