Bosnias Serb Republic sells out EUR 12.8mn issue of one-year T-bills.

By bne IntelliNews January 22, 2013
Bosnias Serb Republic sold out a BAM 25mn (EUR 12.8mn) issue of one-year Treasury bills on the Banja Luka Stock Exchange on Monday, Jan 21, in its first debt auction for the year, the bourse said on its website. The securities were sold at an average discount price equal to 96.32 of par, or an average annual interest rate of 3.8311%. The Republic sold out all offered 2,500 securities, which have BAM 10,000 nominal value each and mature on Jan 21, 2014. This was the tenth issue of T-bills it has auctioned so far after placing successfully four issues in 2011 and four in 2012 as a fifth issue offered for sale last year was unsuccessful. At the same time, the finance ministry already repaid in full five of the issues, disbursing a total of BAM 117.17mn. The remaining three issues, placed in 2012, have not matured yet as the overall outstanding liabilities on them total BAM 69.5mn. In 2013 the Republic plans to action up to BAM 67mn of short-term debt (up to one year maturity), which is an amount equal to 8% of its regular budget revenue accumulated in 2012. The interest rate on the short-term securities due to be issued this year will be no higher and Euribor+3.75%.

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