SARAJEVO (Bosnia and Herzegovina), May 17 (SeeNews) – Bosnia's Serb Republic plans to issue bonds worth 200 million euro ($236.4 million) on the international financial market in the middle of the year, the entity's finance minister, Zoran Tegeltija, has said.
Bosnia and Herzegovina is the only country in the region that is yet to issue bonds on the international market, Zoran Tegeltija, said during a session of the entity's parliament on Wednesday aired live by local broadcaster RTRS.
During the session, the MPs adopted a decision to increase the long-term borrowing ceiling of the Serb Republic in 2018 to 540.1 million marka ($326.4 million/276.1 million euro) from 477 million marka.
As at February 28, the public debt of the Serb Republic totalled 4.2 billion marka equivalent to 40.06% of the entity's projected 2018 GDP.
The Serb Republic is one of the two entities that form Bosnia and Herzegovina, the other is the Federation.
($=0.846149 euro)