BANJA LUKA (Bosnia and Herzegovina), August 18 (SeeNews) – Bosnia’s Serb Republic will offer 35 million marka ($21.0 million/17.9 million euro) of seven-year Treasury notes at an auction on the Banja Luka Stock Exchange on September 4, the entity's finance ministry said on Friday.
The T-notes have a par value of 1,000 marka apiece and bear a fixed interest rate of 3.75% per annum, the finance ministry said in a bourse filing. The issue matures on September 6, 2024.
At the last auction of seven-year T-notes, held on December 5, the Serb Republic sold government securities worth 25.7 million marka. Yield fell to 4.01% from 4.5% achieved at the previous auction of seven-year government securities in September last year.
The Serb Republic is one of two autonomous entities forming Bosnia. The other one is the Federation of Bosnia and Herzegovina.
(1 euro=1.95583 Bosnian marka)