September 23 (SeeNews) - Bosnian company Olympic Centre Jahorina [BANJ:OCJH] said it is inviting investors to subscribe for its 7 million marka ($3.9 million/3.6 million euro) bond issue, which aims to support a gondola lift project in the Jahorina ski resort.
OC Jahorina will issue 7.0 million securities with par value of 1.0 marka each, it said in a public invitation posted last week on the Banja Luka bourse website.
The 15-year bonds will have a three-year grace period and a fixed annual interest of 4.0%. The sales price will be determined by the market conditions at the time of the sale.
The proceeds will finance the construction of a new ten-seat gondola GD10 Partizan lift, whose total value is 11.66 million marka.
The subscription period will open on October 7 and will last ten days.
The issue success threshold is 100%.
This will be OC Jahorina's third bond issue.
Its shares last traded on the Banja Luka bourse on September 18, 2018, closing flat at 0.6 marka.
Jahorina is a mountain in Bosnia and Herzegovina located near Pale, in the Serb Republic.
The Republic is one of two autonomous entities forming Bosnia and Herzegovina. The other one is the Federation.
(1 euro = 195583 marka)