April 4 (SeeNews) - Bosnia's Serb Republic has raised 31.9 million marka ($18.3 million/16.3 million euro) from the sale of ten-year Treasury notes at an auction on April 3, the entity's finance ministry said.
The offer of government securities of 30 million marka in par value was sold at a price of 6.32% above par, as it was heavily oversubscribed, the ministry said in a statement on Wednesday.
The weighted average yield on the issue fell to 3.25%, from 4.34% at the previous auction of ten-year notes held on June 19, 2017, the ministry said on Wednesday.
Demand for the notes, which bear an annual coupon of 4%, reached 79.8 million marka.
Details follow (in millions of marka):
|
April 3 '19 |
June 19 '17 |
Amount sold |
31.9 |
25.3 |
Amount offered |
30 |
25 |
Total bids placed |
79.8 |
50.5 |
Yield |
3.25% |
4.34% |
The Serb Republic is one of two autonomous entities forming Bosnia and Herzegovina. The other one is the Federation of Bosnia and Herzegovina.
(1 euro = 1.95583 marka)