October 9 (SeeNews) - Bosnia's Serb Republic has sold out a 30 million marka ($16.8 million/15.3 million euro) issue of ten-year Treasury notes this week, data by the Banja Luka Stock Exchange shows.
The government paper was sold at auctions on October 7 and 8 at 100.01% of par, with the weighted average yield falling to 2.30% from 3.25% at the last auction of ten-year T-notes held in April, according to information published by the BLSE on Tuesday.
The issue carries a coupon of 2.30%, lower than the 4.0% coupon of the April issue.
Coupon payments are due yearly. The principal of the issue is payable at maturity.
Details follow (in millions of marka):
Auction date |
October 7, 8 |
April 3 |
Amount offered |
30 |
30 |
Amount sold |
30 |
31.9 |
Total bids placed |
45.3 |
79.7 |
Coupon |
2.30% |
4.0% |
Yield |
2.30% |
3.25% |
The Serb Republic is one of two autonomous entities that from Bosnia. The other one is the Federation.
(1 euro = 1.95583 marka)