June 6 (SeeNews) - Bosnia and Herzegovina's wood products manufacturer Drvna Industrija Sipovo said on Tuesday it is inviting investors to subscribe to its first notes issue planned in the amount of 2.2 million marka ($1.2 million/1.1 million euro).
The company is offering to investors 22,000 notes of 100 marka in par value each, it said in a bourse filing.
The notes will have a maturity of seven years and will bear annual interest of 6%.
The offering will be available for subscription for a period of 30 days starting June 26. The note issuance will be considered successful if at least 60% of the offering is subscribed for.
(1 euro = 1.95583 marka)