BANJA LUKA (Bosnia and Herzegovina), August 19 (SeeNews) – Bosnia’s Serb Republic will offer 20 million marka ($11.6 million/10.2 million euro) in Treasury bonds on the Banja Luka bourse on September 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 September 7, 2023.
At the last 7-year bond auction, held on March 1, the Serb Republic sold securities worth 20 million marka with a yield of 4.5%, down from 6% achieved in June 2012.
The Serb Republic is one of two autonomous entities forming Bosnia and Herzegovina. The other one is the Muslim-Croat Federation.
(1 euro=1.95583 Bosnian marka)