Minister of Finance of the Republic of Srpska, Zora Vidović, stated that listing on the London Stock Exchange is a milestone achievement for the Republic of Srpska, because the London Stock Exchange is one of the most pre-eminent Stock exchanges in the world. She also welcomed the fact that wide range of international investors, from Europe, the USA and Asia, accepted offered Bonds.
The Minister stated that the Republika Srpska borrowed on the London Stock Exchange in accordance with the Decision of the National Assembly of Republika Srpska, which was passed in December last year, and which planned long-term borrowing with Bonds on the international market, long-term borrowing with bonds on the domestic market, as well as maximum terms and maximum interest rate.
"The money provided on the London Stock Exchange will be used to cover the deficit that was realized due to the increased health needs and economic consequences of the pandemic, although the Budget was in surplus for years before. The funds is going to be used through Compensation Fund, primarily for health and mitigation of the negative consequences of the pandemic on the Economy and for benefit of citizens," said the Minister of Finance.
She reminded that the Republika Srpska has successfully sold Bonds on the Vienna Stock Exchange three years ago, under the same conditions, which is proof that it holds the rating, regardless of the negative economic impact of pandemic, also with a stable economy environment.