SARAJEVO (Bosnia and Herzegovina), October 9 (SeeNews) – The Federation of Bosnia and Herzegovina will offer 20 million marka ($12 million/10.2 million euro) in nine-month Treasury bills at an auction on October 17, the finance ministry said on Monday.
The T-bills will have a par value of 10,000 marka each and will be offered to investors on the Sarajevo Stock Exchange, the finance ministry said in a bourse filing.
The government paper will mature on July 18, 2018.
This is the Federation's first 9-month T-bill auction this year. The last similar auction was held last October, when the entity raised 30 million marka at a yield of a negative 0.0167%.
The Federation is one of the two autonomous entities forming Bosnia and Herzegovina. The other one is the Serb Republic.
(1 euro=1.95583 Bosnian marka)