Bosnian region to issue $31.9 million worth of debt in Dec

December 11, 2015 12:22 PM

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SARAJEVO Dec 11 Bosnia's autonomous Serb Republic said on Friday it aims to raise 57 million Bosnian marka ($32 million) via auctions of treasury bills and domestic bonds this month to make up for a lack of IMF funds for its 2015 budget.

It said it will issue 12 million marka worth of six-month treasury bills on Dec. 21 and 45 million Bosnian marka worth of domestic bonds on Dec. 28. The bonds will carry a fixed annual coupon of 3.5 percent, the regional finance ministry said.

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