Bosnia's Serb Republic fails to sell 7.7 mln euro in 3-mo T-bills

Investors placed bids worth only 1.14 million marka, the Banja Luka Stock Exchange said on its website.

The maximum weighted price offered in the auction was equal to 99.4849% of par with an average interest rate of 2.0998%, while the minimum price offered was 99.2657% of par with an interest rate of 3.0%.

The Serb Republic is one of two autonomous entities forming Bosnia and Herzegovina. The other one is the Muslim-Croat Federation.

(1 euro=1.95583 Bosnian marka)