April 20 (SeeNews) - Bosnian road construction company Niskogradnja said on Wednesday it placed a 2.5 million marka ($1.4 million/1.3 million euro) bond issue, in line with target.
The company issued 2,500 securities at a price of 1,000 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 90 months and bears annual interest of 4.2%, Niskogradnja said in an earlier filing.
Niskogradnja Laktasi opened the subscription for the bond issue on February 17 and suspended it on April 6. The subscription period was reopened on April 8 after the company made amendments to the prospectus to reflect changes to its assets, Niskogradnja said at the time.
(1 euro = 1.95583 marka)