Bosnias Federation sells out EUR 15mn of 6-mo T-bills.

By bne IntelliNews March 20, 2013
Bosnias Federation sold BAM 30mn (EUR 15.3mn) worth of six-months T-bills on the Sarajevo Stock Exchange on Tuesday, March 19, bourse data showed. Investors bought all 3,000 offered securities at an average discount price equal to 99.0677% of par, yielding 1.89%. Demand totalled BAM 80mn or 266.6% of the total offer. The securities will mature on September 18, 2013. This was the Federations first issue of short-term debt paper for the year. In December 2012, the Federation sold out a BAM 30mn (EUR 15.3mn) issue of six-months T-bills, at an average discount price equal to 99.0091% of par, yielding 2.01%. The Federation makes up Bosnia together with the Serb Republic.

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