August 19 (SeeNews) - Bosnia's Serb Republic sold 36.4 million marka ($20.6 million/18.6 million euro) worth of seven-year Treasury notes at an auction on Monday, the Banja Luka Stock Exchange said.
The government paper was sold at 103.9% of par, with the weighted average yield falling to 1.90% from 2.49% at the last auction of seven-year T-notes held on May 20, the Banja Luka bourse said in a notice.
The issue carries a coupon of 2.50%, lower than the coupon of 3.50% of the issue auctioned on May 20.
Coupon payments are due yearly. Principal of the issue is payable at maturity.
Details follow (in millions of marka):
|
August 19 |
May 20 |
Amount offered |
35 |
35 |
Amount sold |
36.4 |
35 |
Total bids placed |
77.8 |
109.1 |
Coupon |
2.50% |
3.50% |
Yield |
1.90% |
2.49% |
The Serb Republic is one of two autonomous entities forming Bosnia. The other one is the Federation.
(1 euro = 1.95583 marka)