SARAJEVO (Bosnia and Herzegovina), September 12 (SeeNews) - Bosnia's Federation government said it has decided to issue Treasury notes worth a total of 70 million marka ($39.5 million/35.8 million euro) to finance this year's budget needs.
The Federation will issue three-year T-notes worth 30 million marka and seven-year T-notes worth 40 million marka, it said in a statement last week without providing a time frame.
The government will publish public invitations seven days prior to each auction.
The announcement comes after earlier this month the Federation's finance ministry cancelled a 40 million marka auction of seven-month Treasury notes scheduled for September 10, saying the liquidity level of the Federation's Treasury account is adequate.
The Federation is one of two autonomous entities that make up Bosnia and Herzegovina. The other one is the Serb Republic.
(1 euro=1.95583 marka)