Croatia to build airport in Sibenik county
Bosnia's Federation sells 5 mln euro of 2-yr T-notes
Romania's OMV Petrom, Vulcangas to open LNG/CNG filling stations
Dronamics, Qatar Airways Cargo team up for drone services
Ryanair to launch operations at Sarajevo airport with 5 routes in 2024
Nov 22, 2017 16:55 EEST
November 22 (SeeNews) - Bosnian power utility Elektroprivreda Republike Srpske plans to draw a 10 million marka ($6 million/5.1 million euro) loan to cover outstanding obligations to suppliers, local media reported on Wednesday.
On November 8, Elektroprivreda RS launched a tender for the procurement of a loan in the amount of 10 million marka and gave the banks a deadline until December 1 to submit their bids, news portal Capital.ba reported.
The company plans to pay off the loan in the next six years.
The total liabilities of ERS amounted to 349.3 million marka at the end of last year, of which 163.1 million marka in long-term liabilities and 186.2 million marka in short-term debt.
ERS is the power utility of Bosnia's Serb Republic, one of two autonomous entities that form Bosnia and Herzegovina. The other one is the Federation.
Bosnia has another two power utilities - Elektroprivreda HZHB and Elektroprivreda BiH, the largest of the three. Elektroprivreda HZHB and Elektroprivreda BiH are based in the Federation.
You have run out of free articles this month.
Sign up in for
and get ten (10) free articles per month or sign up for
and get unlimited access.
Browse our free newsletter options