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BANJA LUKA (Bosnia and Herzegovina), January 12 (SeeNews) – Bosnia's Serb Republic said on Monday it will auction 100 million marka ($62.1 million/51.1 million euro) of five-year Treasury notes on January 29.
The government securities, with a nominal value of 1,000 marka each, will bear a fixed annual interest rate of 3%, the entity's finance ministry said in a bourse filing. The issue will mature on January 31, 2023.
The Serb Republic finance ministry raised 15.5 million marka in the last year of five-year T-notes held on November 1. The weighted average yield at the auction was 2.76%.
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)