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Bosnia's Banjalucka Pivara plans 3 mln marka (1.5 mln euro) loan from UniCredit

Bosnia's Banjalucka Pivara plans 3 mln marka (1.5 mln euro) loan from UniCredit Sidarta/Shutterstock.com

SARAJEVO (Bosnia and Herzegovina), November 2 (SeeNews) - Bosnian brewer Banjalucka Pivara [BANJ:BLPV] said it plans to sign a 3 million marka ($1.8 million/1.5 million euro) revolving credit contract with the local unit of Italian banking group UniCredit to cover its working capital needs.

Banjalucka Pivara plans to take out a loan with an annual interest rate equal to six-month Euro Interbank Offered Rate (EURIBOR) plus 2.85%, it said in a bourse filing earlier.

The planned loan will have a term of 360 days, without a grace period and with the option for an additional 360 days for repayment.

Banjalucka Pivara's shareholders will vote on the proposed loan agreement at a meeting on November 3.

(1 euro = 1.95583 marka)

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