SARAJEVO, April 18 Bosnia's autonomous Serb
Republic said on Tuesday it would issue a five-year domestic
bond worth 50 million marka ($27.2 million) on May 3,
increasing the amount previously planned to finance maturing
debt due to the delay in release of IMF cash.
The region had announced the auction of a seven-year
domestic bond worth 35 million marka on May 3 but it changed the
terms of the issue after the International Monetary Fund halted
disbursements under its 553 million euro ($589.11 million) aid
programme for Bosnia because of reform delays
The sale will be carried out through the Banja Luka Stock
Exchange (BLSE), the region's finance ministry said in a
statement. The paper will have a fixed annual interest rate of
Bosnia's two regions, the Serb Republic and the
Bosniak-Croat Federation, need the IMF money to cover their
respective budget gaps and to finance maturing debt.
The lender has already paid out 79.2 million euros. But to
access the next tranche of 80 million euros, Bosnia must pass a
law raising excise taxes and four other economic measures.
($1 = 0.9387 euros)
($1 = 1.84 Bosnian marka)
(Reporting by Daria Sito-Sucic; Editing by Jeremy Gaunt)