Bosnia's Serb Republic sells out EUR 12.8mn issue of one-year T-bills

By bne IntelliNews January 28, 2014

Bosnia's Serb Republic sold out a BAM 25mn (EUR 12.8mn) issue of one-year Treasury bills on the Banja Luka Stock Exchange on Jan 27 in its first debt auction for the year, the entity's finance ministry said in a statement. The securities were sold at an average discount price equal to 96.16 of par, or an average annual interest rate of 4%.

The issue was oversubscribed with demand equalling to BAM 32.3mn, or 129.2% of the amount on offer. The newly sold debt papers mature on January 27, 2015.

This was the fourteenth issue of T-bills the Republic has auctioned so far after placing successfully four issues in 2011, four in 2012 (as a fifth issue offered for sale last year was unsuccessful) and six issues in 2013.

Bosnia's Serb Republic plans to sell Treasury bills worth BAM 45mn in 2014 but has to repay maturing short-term debt of BAM 118mn in the current year, the Republic's finance minister Zoran Tegeltija has said earlier in January. 

Read in IntelliNews Pro
Get IntelliNews Pro

Related Articles

EIF signs guarantee agreements with 11 banks in Western Balkans, unlocking €750mn for small businesses

The European Investment Fund (EIF), part of the EIB Group, said on April 15 that it has signed guarantee agreements with 11 banks and financial intermediaries in the Western Balkans. These ... more

EIB surpasses investment milestone in the Western Balkans by investing €1.2bn in 2023

EIB Global, the financial arm of the European Investment Bank (EIB) for activities beyond the EU, set a new record by investing €1.2bn in the Western Balkans in 2023, the EIB said on February 9. ... ... more

bne IntelliNews Southeast Europe Outlook 2024

This Southeast Europe Outlook 2024 has been prepared by bne IntelliNews as part of a series of annual reviews providing updates on the geopolitical, macroeconomic and commercial state of ... more

Follow Us On

Most Read

  1. Iran vs Israel: Who is better equipped for war?
    6 days ago
  2. Saudi Arabia to scale back plans for Neom city
    10 days ago
  3. Oil continues to flow to Israel via Turkey despite Erdogan’s vehement speeches on plight of Gaza
    5 months ago
  4. BREAKING: Iraq, Syria and Jordan close airspace amid Iranian strike on Israel
    6 days ago
  5. Russia’s war economy boosted by rising oil prices
    4 days ago
  1. Russia could pay off its entire external debt tomorrow, in cash
    20 days ago
  2. Speculation swirls of “Men in Blue” in Crocus City Hall terrorist attack linked to FSB
    25 days ago
  3. Albanians campaign on social media to keep bus bridge created in freak accident
    1 year ago
  4. UBN: Russia could take the Baltic states in 48 hours
    30 days ago
  5. BRICS announce a blockchain-based payment system to create a common currency
    23 days ago

Reports

Dismiss