BANJA LUKA (Bosnia and Herzegovina), October 17 (SeeNews) – Bosnia's Serb Republic said on Monday it will auction 25 million marka ($14.1 million/12.8 million euro) in 5-year Treasury bonds on November 1.
The bonds, with a nominal value of 1,000 marka each, will bear a fixed annual interest rate of 4%, the entity's finance ministry said in a bourse filing. The issue matures on November 3, 2021.
The entity's last 5-year bond auction was held on August 1, when the finance ministry raised 40 million marka with a weighted average yield of 4.0%.
The Serb Republic is one of two autonomous entities forming Bosnia and Herzegovina. The other one is the Federation of Bosnia and Herzegovina.
(1 euro=1.95583 Bosnian marka)