March 10 (SeeNews) - Bosnian microcredit institution MKD Taurus said on Friday it is inviting investors to subscribe for its new notes issue planned in the amount of 1 million marka ($541,311/544,618 euro).
The company is offering to investors 1,000 notes of 1,000 marka in par value each, it said in a bourse filing.
The notes will have a maturity of three-and-a-half years and will bear annual interest of 6.5%
The offering will be available for subscription for a period of 30 days starting March 20. The note issuance will be considered successful if at least 60% of the offering is subscribed for.
(1 euro = 1.95583 marka)