Bosnias Serb Republic sells out EUR 3.3mn issue of 7-yr bonds.

By bne IntelliNews June 28, 2012
Bosnias Serb Republic sold out a BAM 6.5mn (EUR 3.3mn) issue of seven-year bonds on the Banja Luka Stock Exchange on June 27, the bourse said on its website. Investors 65,000 securities at BAM 100 nominal value each and a fixed annual interest of 6%, payable semi-annually. Demand totalled BAM 10.5mn. In April, the Republic sold BAM 26mn of seven year bonds, which were part of a bigger BAM 30mn issue. The demand totalled BAM 43.1mn. The bonds were sold at an average interest rate of 6%. As far as the short-term debt auctions are concerned, earlier in June the Republic failed to sell any of a planned nine-month Treasury bills worth BAM 17mn although receiving bids for BAM 3.2mn. The highest offered price was equal to 97.317 of par, or to an interest of 3.7%, while the lowest one was equal to 96.76% of par (4.5% interest). The Republic last sold T-bills in March when it placed 76% of a bigger BAM 35mn offer of six-month securities. The demand totalled BAM 40.4mn but the average accepted price was equal to 98.27% of par, or a 3.5% yield, up from 98.35% of par (or a 3.36% yield) at the previous T-bills auction held in December.

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