December 2 (SeeNews) - Bosnia's Serb Republic sold 37.2 million marka ($20.9 million/19 million euro) worth of seven-year Treasury notes, above its 35.8 million marka target, at an auction on Monday, data by the Banja Luka Stock Exchange (BLSE) showed.
The government paper was sold at 103.93% of par, with the weighted average yield falling to 1.70% from 1.90% at the last auction of seven-year government securities held on August 19, BLSE data showed.
Monday's issue carries a coupon of 2.30%, lower than the 2.50% coupon of the August issue.
Coupon payments are due yearly. The principal is payable at maturity.
Details follow (in millions of marka):
|
Dec 2 |
Aug 19 |
Amount offered |
35.8 |
35 |
Amount sold |
37.2 |
36.4 |
Total bids placed |
80.9 |
77.8 |
Coupon |
2.30% |
2.50% |
Yield |
1.70% |
1.90% |
(1 euro = 195583 marka)