October 31 (SeeNews) - Bosnian company Connect People, which imports and distributes non-food products, said on Monday it placed a 5.8 million marka ($2.9 million/2.97 million euro) bond issue, in line with target.
The company issued 58,000 bonds at a price of 100 marka each, equal to their par value, it said in a filing with the Banja Luka Stock Exchange.
The debt paper has a maturity of 13 years and bears annual interest of 6%, Connect People said in an earlier filing.
Established in 2007, Connect People mostly imports and distributes greeting cards, gift bags, decorative paper, ceramic products and self-adhesive pictures.
(1 euro = 1.95583 marka)