Bosnia region raises $38.7 mln via 5-yr bond at lower cost

December 8, 2015 12:36 PM

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SARAJEVO Dec 8 Bosnia's autonomous Bosniak-Croat Federation raised 70 million Bosnian marka ($38.7 million) on Tuesday via an auction of a five-year domestic bond, the finance ministry said.

The bond was aimed at covering the Federation's widening budget deficit in the absence of IMF cash, it said.

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