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Nov 20, 2017 12:48 EEST
BANJA LUKA (Bosnia and Herzegovina), November 20 (SeeNews) – Bosnia’s Serb Republic will offer 10 million marka ($6 million/5.1 million euro) of seven-year Treasury notes at an auction on the Banja Luka Stock Exchange on December 6, the entity's finance ministry said on Monday.
The T-notes have a par value of 1,000 marka apiece and bear a fixed interest rate of 3.75% per annum, the finance ministry said in a bourse filing.
The issue will mature on December 8, 2024.
At the last auction of seven-year T-notes held on September 4 the Serb Republic sold government securities worth 35 million marka. Yield fell to 3.75% from 4.01% achieved at the previous auction of seven-year government securities held in December last year.
The Serb Republic is one of two autonomous entities forming Bosnia. The other one is the Federation of Bosnia and Herzegovina.
(1 euro = 1.95583 Bosnian marka)
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