June 5 (SeeNews) - Bosnia’s Serb Republic will offer 210 million marka ($114.8 million/107.4 million euro) worth of five-year Treasury notes at an auction on June 20, the entity's finance ministry said on Monday.
The offered government securities will have a par value of 1,000 marka each and will mature on June 22, 2028, the finance ministry said in a tender notice.
The securities will have a fixed annual interest rate of 6.1%, the statement read.
At the last auction of five-year T-notes held in May, the Serb Republic's finance ministry sold government securities worth 20.868 million marka. The weighted average yield of the paper stood at 5.80%, slightly lower compared with 5.81% at the previous auction of five-year T-notes held in March..
The Serb Republic is one of the two autonomous entities forming Bosnia and Herzegovina. The Federation is the other one.
(1 euro = 1.95583 marka)