SARAJEVO (Bosnia and Herzegovina), August 18 (SeeNews) - Bosnia and Herzegovina's municipality of Istocni Stari Grad said on Thursday it issued 1.8 million marka ($936,700/920,300 euro) worth of municipal bonds.
Istocni Stari Grad issued 18,000 bonds of 100 marka in par value each, which will mature in ten years, the municipality said in a filing to the Banja Luka Stock Exchange.
The bonds bear an annual interest rate of 4.20%, paid semi-annually, according to an earlier statement by the municipality.
Istocni Stari Grad is located in Istocno Sarajevo city in the Serb Republic, one of two autonomous entities that form Bosnia and Herzegovina. The Federation is the other entity.
(1 euro = 1.95583 marka)