BANJA LUKA (Bosnia and Herzegovina), November 26 (SeeNews) – Bosnia's Bobar Banka [BANJ:BBRB-R-A] said on Tuesday it will launch a public offering on December 9 to sell 5,000 ordinary and 2,300 preferred shares for a total of 18.05 million marka ($12.4 million/9.2 million euro) via the Banja Luka bourse.
The initial price of Bobar Banka’s ordinary and preferred shares is set 2,000 marka and 3,500 marka each, respectively, and is equal to their nominal value, the lender said in filing with the Banja Luka Stock Exchange.
The public offering of new shares will end on January 10, 2014.
Earlier this month, Bobar Banka said it will increase its share capital by 18.05 million marka to 48.6 million marka in a bid to strengthen its market position and improve risk management.
Bobar Banka (www.bobarbanka.com) is based in Bijeljina, in the Serb Republic, which forms Bosnia and Herzegovina together with the Muslim-Croat Federation.
(1 euro=1.95583 Bosnian marka)