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. 

Related Articles

Bulgaria’s Borissov appeals to Western Balkan leaders to preserve peace

Boyko Borissov, prime minister of the current EU Council chair Bulgaria, called on April 10 on the leaders of the Western Balkan countries to preserve peace and ... more

Russian Night Wolves defy ban to enter Bosnia

Members of Russia’s nationalistic motorcycle club the Night Wolves entered Bosnia & Herzegovina late on March 20 despite a ban ... more

Pre-election tensions in Bosnia could derail international aid, S&P warns

Increasing political maneuvering ahead of the October 2018 general election in Bosnia & Herzegovina could again derail external financing flows and the country’s solid economic growth, ... more