August 30 (SeeNews) - Bosnia’s Serb Republic will offer up to 50 million marka ($25.630 million /25.564 million euro) worth of seven-year Treasury notes at an auction on September 14, the entity's finance ministry said on Tuesday.
The Serb Republic will offer 50,000 government securities with a par value of 1,000 marka each, which will mature on September 16, 2029 the finance ministry said in a tender notice.
The securities will bear fixed interest of 5% per year.
At the last auction of seven-year government securities held in May, the Serb Republic's finance ministry sold government securities worth 36.4 million marka, below its 40 million marka target. The sold T-notes had an annual coupon of 3.50% and a 3.60% yield.
The Serb Republic is one of two autonomous entities that form Bosnia and Herzegovina. The Federation is the other entity.
(1 euro = 1.95583 marka)