SARAJEVO (Bosnia and Herzegovina), May 22 (SeeNews) – Bosnia’s Serb Republic will offer 25 million marka ($13.9 million/12.8 million euro) of five-year Treasury notes at an auction on June 8, the entity's finance ministry said on Friday.
The T-note issue will mature on June 10, 2025, the finance ministry said in an auction notice.
The securities will have a fixed annual interest of 3.2%, the statement read.
At the last auction of five-year Treasury notes, held on April 14 and 15, the Serb Republic sold 137.5 million marka worth of government paper, way below its 300 million marka target. The yield was 3.0%, the same as at the previous auction of five-year T-notes held on April 6.
The Serb Republic is one of two autonomous entities that form Bosnia. The other one is the Federation.
(1 euro = 1.95583 marka)