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Reading: RS plans a new Borrowing amounting to 15 Million BAM
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Sarajevo Times > Blog > BUSINESS > RS plans a new Borrowing amounting to 15 Million BAM
BUSINESS

RS plans a new Borrowing amounting to 15 Million BAM

Published March 27, 2016
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12910135_1138817432835878_1325054020_nRepublika Srpska will indebt itself with a new issue of treasury bills on April 4.

The auction of these short-term securities amounting to 15 million BAM is planned on the Banja Luka stock exchange.

In a public call, the Ministry of Finance stated that the RS emits treasury bills in order to secure funds on the basis of financing budget expenditures in this year.

Nominal value of a treasury bill is 10.000 BAM, the currency clause is EUR, and due date is October 4, 2016.

Republika Srpska did not manage to sell all of the offered treasury bills last week. Instead of the planned 20 million BAM, RS managed to make only 13.2 million BAM with the sale of treasury bills, with an interest rate of as much as 2.7 percent.

On the other side, in almost the same period the FBiH managed to sell all of its offered treasury bills amounting to 30 million BAM in total, with an interest rate of only 0.26 percent.

(Source: klix.ba)

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