Bosnia's Nova Bank sells out 19 mln euro bond issue

Investors on the Banja Luka bourse bought all 376,000 Nova Banka securities at 100 marka each, equal to their par value, between October 4 and 18, the lender said in a bourse filing.

The ten-year bonds have a five-year grace period and a fixed annual interest of 3.0%.

This is the bank's seventh bond issue.

In a separate bourse filing on Friday, Nova Banka said it made on October 16 an early repayment of remaining principal and interest costs of its previous sixth bond issue of ten-year securities worth also 37.6 million marka, sold back in December 2014 with an annual interest rate of 8%.

Bosnian trade company MG Mind is the largest single shareholder in Nova Banka with a 29% stake, while the remainder belongs to small shareholders.

The lender's shares closed down 1.85% at 0.53 marka on the Banka Luka bourse on Friday.

(1 euro = 1.95583 marka)