December 31 (SeeNews) - North Macedonia's government said it decided to issue 11.5 million euro ($14.1 million) worth of denationalisation bonds to compensate owners for their once forcefully nationalised real estate.
The bonds will have a maturity of ten years and will bear an interest of 2%, paid annually, the government said in a statement on Wednesday.
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The bond will cover a total of 800 denationalisation decisions which became effective from January 1, 2019 to December 31, 2019.
North Macedonia has been issuing denationalisation bonds since 2002 as compensations to citizens, providing them with the possibility to buy shares from state-owned companies.
($ = 0.8143 euro)