Bosnia's Modrica municipality opens books for 2 mln euro bond issue

Modrica plans to issue 40,000 bonds with a nominal value of 100 marka each, it said in a filing with the Banja Luka bourse.

The securities will mature in ten years and have an annual interest of 3.8%, the statement said.

Subscription will last one month and will close on January 27.

The issue's success threshold is set at 60%.

(1 euro = 1.95583 marka)