November 1 (SeeNews) - Bosnia's Serb Republic raised on Wednesday 15.5 million marka ($9.2 million/7.9 million euro) from the sale of 5-year Treasury bonds, the finance ministry said.
The government paper was sold at 103.40% of par, with a weighted average yield of 2.76%, down from 3.49% at the previous similar auction held in May, the ministry said in a filing with the Banja Luka bourse.
Demand for the notes, which bear an annual coupon of 3.5%, reached 38.3 million marka.
Details follow (in million marka, unless mentioned otherwise):
| |
Nov 1 |
May 3 |
| Amount sold |
15.5 |
50 |
| Amount offered |
15 |
50 |
| Total bids placed |
38.3 |
65.7 |
| Yield |
2.76% |
3.49% |
The Serb Republic is one of two autonomous entities forming Bosnia and Herzegovina. The other one is the Federation of Bosnia and Herzegovina.
(1 euro=1.95583 marka)