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Bosnia's Serb Republic to sell up to 23 mln euro of 7-yr T-notes on Dec 2

Bosnia's Serb Republic to sell up to 23 mln euro of 7-yr T-notes on Dec 2 Gena96/Shutterstock.com

SARAJEVO (Bosnia and Herzegovina), November 15 (SeeNews) – Bosnia’s Serb Republic will offer up to 45 million marka ($25.4 million/23 million euro) worth of seven-year Treasury notes at an auction on December 2, the entity's finance ministry said on Friday.

The government securities on offer will have a par value of 1,000 marka each and will mature on December 4, 2026, the finance ministry said in a tender notice.

The securities will have a fixed annual interest rate of 2.3%, the statement added.

At the last auction of seven-year T-notes held on August 19, the Serb Republic's finance ministry sold government securities worth 36.4 million marka, above the 35 million marka target. The sold T-notes had an annual coupon of 2.5% and a 1.90% 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)

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