August 31 (SeeNews) - Bosnia's municipality of Bileca said on Wednesday that its 4.3 million marka ($2.2 million/2.2 million euro) 10-year municipal bond issue was admitted to trading on the Banja Luka Stock Exchange (BLSE).
A total of 43,000 bonds with a par value of 100 marka each will start trading on the BLSE on September 2, Bileca said in a bourse filing.
The debt paper which matures on August 25, 2032, bears annual interest of 4.20% paid monthly.
The municipality will use the proceeds of the bond issue to repay old debt, it said in the bond prospectus.
Bileca is located in the Serb Republic, one of two autonomous entities that form Bosnia and Herzegovina. The Federation is the other entity.
(1 euro = 1.95583 marka)