Bosnia's Serb Republic to auction 7.7 mln euro in 3-mo T-bills on Dec 30

A total of 1,500 T-bills with a par value of 10,000 marka each will be offered to investors, the ministry said in a filing with the Banja Luka Stock Exchange.

The securities will mature on March 31, 2015.

The Serb Republic failed to sell its 15 million marka offer of three-month Treasury bills in an auction on Monday, as investors placed bids worth only 1.14 million marka, data from the bourse in Banja Luka indicated.

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

(1 euro=1.95583 Bosnian marka)