January 18 (SeeNews) - Bosnia and Herzegovina's municipality of Prijedor said on Wednesday it successfully issued 5.5 million marka ($3.05 million/2.8 million euro) worth of fixed-rate municipal bonds.
Prijedor issued 55,000 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 annual interest of 5% paid monthly, according to an earlier statement by the municipality.
Prijedor is a city and municipality located in the Serb Republic, one of two autonomous entities that form Bosnia and Herzegovina. The other entity is the Federation.
(1 euro = 1.95583 marka)