Bosnia's Serb Republic to auction EUR 10.7mn in T-Bill on Dec 15.

By bne IntelliNews December 8, 2011
Bosnia's Serb Republic has invited investors to take part in a BAM 21mn (EUR 10.7mn) Treasury bills auction scheduled for December 15, the finance ministry said. This will be the entity's fourth issue of T-Bills, the ministry said in a filing to the Banja Luka bourse. The Serb Republic is offering six-month securities of BAM 10,000 in par value each. The proceedings from the issue will finance the Republics budget deficit. The entity's first T-bills auction took place on May 11 as the Republic sold BAM 36mn of the short-term securities. The second and the third auctions were held on Jun 20 and Nov 29, with the entity selling BAM 28.3mn and BAM 15.7mn of T-bills, respectively.

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