BANJA LUKA (Bosnia and Herzegovina), November 18 (SeeNews) – Bosnia’s Serb Republic will offer 25 million marka ($13.6 million/12.8 million euro) in seven-year Treasury bonds on the Banja Luka bourse on December 5, the finance ministry said on Friday.
The government paper has a par value of 1,000 marka apiece, with an interest rate fixed at 4.5% per annum, the finance ministry said in a bourse filing. The issue matures on December 7, 2023.
At the last seven-year bond auction, held on September 5, the Serb Republic sold government securities worth 40 million marka. Yield in the auction was 4.5%, flat from the previous auction of a seven-year bond in March.
The Serb Republic is one of two autonomous entities forming Bosnia. The other one is the Federation of Bosnia and Herzegovina.
(1 euro=1.95583 Bosnian marka)