SARAJEVO (Bosnia and Herzegovina), June 25 (SeeNews) – The finance ministry of Bosnia's Serb Republic said it has raised 168 million euro ($195.6 million) via the issuance of five-year Eurobonds on the Vienna Stock Exchange.
The bonds, which mature on June 28, 2023, carry a balanced interest rate of 4.75% per annum, the finance ministry said in a statement late on Friday.
"By successfully executing this bond issue, the government of the Serb Republic diversified its sources of financing, reduced the risk of financing uncertainty, and enabled better planning and execution of budgetary inflows, as well as expenditures," the finance ministry said.
It was the Serb Republic's first bond issue on the international market. The entity planned to raise 200 million euro on the Vienna bourse.
The Serb Republic is one of the two entities that form Bosnia and Herzegovina, the other is the Federation.
($=0.859194 euro)