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BANJA LUKA (Bosnia and Herzegovina), January 11 (SeeNews) – Bosnia's Serb Republic will offer 25 million marka ($13.4 million/12.8 million euro) in three-year Treasury bonds through a public offering on January 25, the finance ministry said on Wednesday.
The T-bills will have a par value of 1,000 marka each, with a fixed annual coupon of 3.25%, and will be offered to investors on the Banja Luka Stock Exchange, the finance ministry said in a statement.
The government paper will mature on January 27, 2020.
At its last three-year bond auction, the Serb Republic raised 21.8 million marka, as the yield stood at 4.22%.
The Serb Republic is one of the two autonomous entities forming Bosnia and Herzegovina. The other one is the Federation.
(1 euro=1.95583 Bosnian marka)