Bosnia's Zvornik municipality to issue EUR 1.5mn bonds on Banja Luka bourse.

By bne IntelliNews April 20, 2011
The Zvornik municipality, in the Serb Republic, decided to sell KM 3mn (EUR 1.5mn) worth of municipal bonds on the Banja Luka Stock Exchange (BLSE) to finance infrastructure projects, Onasa newswire reported, quoting mayor Zoran Stevanovic. The 10-year bonds bear an annual coupon of 6.75%. They are to be listed on the BLSE official market. The municipality will use the raised funds for the reconstruction and the upgrade of a recreational sports centre (KM 1mn), a water source in Kiseljak (KM 0.2mn), Kiseljak road upgrade (KM 0.6mn), purchase of land plot for parking facility construction (KM 0.4mn), street lighting (KM 0.4mn) and partial reconstruction of medieval town Djurdjev (KM 0.4mn). The first municipal bond issue in RS was launched three years ago. So far, 12 municipalities - Banja Luka, Laktasi, Srbac, Gradiska, Samac, Bijeljina, Istocni Stari Grad, Brod, Kotor Varos, Lopare, Novi Grad and Tesanj have issued municipal bonds to finance their investment projects.
Read in IntelliNews Pro
Get IntelliNews Pro

Related Articles

EUs Sannino invites Bosnian leaders for conciliatory talks on March 22.

The European Commissions director general for enlargement Stefano Sannino has invited the leaders of Bosnias seven main political parties for consultations in Brussels on March 22 in an attempt ... more

Bosnias Serb Republic PPI, CPI inflation eases in Feb 2013.

Growth of consumer prices in Bosnias Serb Republic eased to 0.9% y/y in February from 1.5% y/y in January, as the annual decline of clothing and footwear prices widened, the entitys statistics ... more

Bosnias Federation fails to sell 67% of engineering company Hidrogradnja.

Bosnias Federation has failed to sell its 67% stake in engineering company Hidrogradnja due to lack of investor interest, the entitys privatisation agency said in a statement. The remaining 33% ... more

Follow Us On

Most Read

  1. Ukraine's birth rate plummets to 300-year low as country’s population collapses
    8 days ago
  2. EU finally boosts defence investment into arms production as Ukraine runs out of ammo
    1 month ago
  3. Fresh evidence suggests that the April 2022 Istanbul peace deal to end the war in Ukraine was stillborn
    8 days ago
  4. Don't mention the "D" word - Ukraine
    5 days ago
  5. Europe unlikely to tackle Russian LNG imports anytime soon
    2 days ago
  1. Russia could pay off its entire external debt tomorrow, in cash
    26 days ago
  2. Speculation swirls of “Men in Blue” in Crocus City Hall terrorist attack linked to FSB
    30 days ago
  3. Albanians campaign on social media to keep bus bridge created in freak accident
    1 year ago
  4. BRICS announce a blockchain-based payment system to create a common currency
    28 days ago
  5. Saudi Arabia to scale back plans for Neom city
    15 days ago

Reports

Dismiss