SARAJEVO (Bosnia and Herzegovina), August 9 (SeeNews) - Bosnia’s Serb Republic will offer 30 million marka ($15.7 million/15.3 million euro) worth of five-year Treasury notes at an auction on August 24, the entity's finance ministry said on Tuesday.
The offered government securities will have a par value of 1,000 marka each and will mature on August 26, 2027, the finance ministry said in a tender notice.
The securities will have a fixed annual interest rate of 5%, the statement read.
At the last auction of five-year T-notes held in July, the Serb Republic's finance ministry sold government securities worth 40 million marka. The sold T-notes had an annual coupon of 4% and a 4.5% yield.
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)