Bosnia's entity Federation of BiH raised 60 million Bosnian marka ($32 million) on Tuesday via an auction of five-year bonds, sold domestically, to help plug a budget gap in the absence of funds from the International Monetary Fund (IMF).
Bids for the bonds amounted to 85 million marka against 60 million marka on offer, the finance ministry said. They sold at a weighted average yield of 3.423 percent, up from 1.871 percent at the previous sale of five-year paper in May.
Bosnia's two entities, the Federation and Republika Srpskađ, also need cash to finance maturing debt.
In September, the IMF approved a 553 million-euro ($572.85 million) loan programme to support economic reforms.
The lender has already disbursed 79.2 million euros. But in order to access the next instalment of about 80 million euros, Bosnia must pass a law raising excise taxes while the regions must adopt new banking laws.
