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SARAJEVO (Bosnia and Herzegovina), January 21 (SeeNews) – Bosnia’s Serb Republic will offer up to 35 million marka ($19.9 million/17.9 million euro) worth of seven-year Treasury notes at an auction on February 5, the entity's finance ministry said.
The government securities on offer will have a par value of 1,000 marka each and will mature on February 7, 2027, the finance ministry said in a tender notice on Monday.
The securities will have a fixed annual interest rate of 2.4%, the statement added.
At the last auction of seven-year T-notes held on December 2, the Serb Republic's finance ministry sold government securities worth 37.2 million marka, above the 35.8 million marka target. The sold T-notes had an annual coupon of 2.3% and a 1.70% 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)