April 2 (SeeNews) - The finance ministry of Bosnia's Federation said on Tuesday it sold 10 million marka ($5.5 million/5.1 million euro) worth of one-year Treasury bills at an auction on the Sarajevo Stock Exchange (SASE), below its 30 million marka target.
The securities were sold at 96.1622% of par, with an average interest rate of 4.0023%, as demand totalled 12.55 million marka, the entity's finance ministry said in a filing with the SASE.
They will mature on April 2, 2025.
At the last auction of one-year T-bills held on June 13, 2023, the Federation sold 29.7 million marka worth of government securities at an average interest rate of 1.1547%.
The Federation is one of two autonomous entities forming Bosnia and Herzegovina. The other one is the Serb Republic.
(1 euro = 1.956 marka)