Public invitation for subscription and payment of the Republic of Srpska bonds - 63rd issue

Ref.: 06.08/020-2348/23
Date: September 8st, 2023

Under the Law on Borrowing, Debt and Guarantees of the Republika Srpska ("Official Gazette of the Republic of Srpska", number: 71/12, 52/14, 114/17, 131/20, 28/21 and 90/21), and in accordance with the Decision on the Republika Srpska Long-term Borrowing for 2023 (''Official Gazette of Republic of Srpska'', number: 112/22) and the Decision on the sixty-three Republika Srpska Bonds Issue by Public Offering (''Official Gazette of Republic of Srpska'', number: 79/23), the Republika Srpska Ministry of Finance hereby announces the following:

PUBLIC INVITATION
FOR SUBSCRIPTION AND PAYMENT OF THE REPUBLIKA SRPSKA SIXTY-THREE BONDS ISSUE BY PUBLIC OFFERING
For all domestic and foreign legal entities and individuals


1. All interested legal entities and individuals are kindly invited to participate in the public offering of the Republika Srpska bonds.

2. Pursuant to the decision of the Republika Srpska Government - Decision on the Republika Srpska sixty-three Bonds Issue by Public Offering, number: 04/1-012-2-2993/23 dated September 7th, 2023, basic elements of the issue are defined as follows:
· Issuer: Republika Srpska;
· Issue Description: issue of long-term bonds by public offering;
· Total Number of Bonds Offered: 15.000;
· Currency: BAM;
· Currency Clause: Euro;
· Bonds Face Value: 1.000 BAM;
· Issue Volume: to 15.000.000,00 BAM;
· ISIN Number: BA10RSBDO447;
· Auction Date: September 25th, 2023;
· Interest Rate: fixed rate of 6 per cent. per annum;
· Principal Repayment: principal amount is repaid annually in five equal instalments (20% of the nominal value after the end of each year, starting from the date of issuance regisration);
· Interest repayment: interest is calculated on the outstanding principal amount and paid annually (after a period of one year, starting with the date of issuance registration).

3. Entering purchase orders:
· Recording Date: September 25th, 2023 from 8:30 a.m. to 11:30 a.m. + "random time" (randomly chosen time of 0 to 300 seconds);
· Subscription Place: subscription shall take place with authorized stockbrokers at the Banja Luka Stock Exchange.

4. Entering sale orders and closing deals:
· The Ministry of Finance shall enter sale orders on September 25th, 2023 from 11:30 a.m. + "random time" to 12:00 p.m.;
· Deals shall be closed on September 25th, 2023 at 12:00 p.m. at uniform equilibrium price.

5. After auction period:
· This phase exists only if the bonds are not sold out in the public offering on September 25th, 2023;
· Purchase orders shall be entered on September 26 th, 2023 from 8:30 a.m. to 12:00 p.m. Deals shall be closed at the uniform equilibrium price achieved on September 25th, 2023;
· Deals shall be automatically closed by entering purchase orders and the public offering shall be open until the bonds are sold out or the public offering expires on September 26th, 2023 at 12:00 p.m.

6. Payment and subscription:
· Payment Date: until 10:00 a.m. on September 27th, 2023;
· Payment Account: Nova Banka a.d. Banja Luka, Kralja Alfonsa XIII 37a, 78 000 Banja Luka, number: 555-100-00436529-75;
· Subscription Date: September 27th, 2023, after the payments are made and a registration request is submitted to the Central Registry of Securities, but not later than 4:00 p.m.

7. Maturity:
· Maturity: five years;
· Maturity Date: September 27th, 2028.

8. Early redemption:
· The Ministry of Finance can, in accordance with a special decision of the Republika Srpska Government, perform an early redemption and organize regular repo auctions.

9. Other information:
· Public invitation will be announced on September 9nd, 2023 in a daily newspaper, on the Republika Srpska Government's website: www.vladars.net, the Ministry of Finance segment, and the Banja Luka Stock Exchange's website: www.blberza.com;
· Information for investors can be found on the Republika Srpska Government's website: www.vladars.net, the Ministry of Finance segment. The prospectus will be available at the the Banja Luka Stock Exchange's website: www.blberza.com and Republika Srpska Government's website: www.vladars.net, the Ministry of Finance segment.
· Person authorized for administering the bond issue is the Republika Srpska Minister of Finance, Mrs. Zora Vidović;
· For further information on the Republika Srpska bonds, please contact the Republika Srpska Ministry of Finance, Trg Republike Srpske 1, 78000 Banja Luka, Phone: +387 51 339 135 and +387 51 339 128 or email: m.cendic@mf.vladars.net and r.trnic@mf.vladars.net.

Ministry of Finance

Zora Vidović

 

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