You have 10 free articles left this month. Get your freeBasic subscription now and gain instant access to more.

Bosnia's OC Jahorina sells out 3.6 mln euro bond issue

Author Iskra Pavlova
Bosnia's OC Jahorina sells out 3.6 mln euro bond issue Photo:

BANJA LUKA (Bosnia and Herzegovina), October 17 (SeeNews) - Bosnian company Olympic Centre Jahorina [BANJ:OCJH] said it has sold out a planned 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 has sold 7.0 million bonds at their par value of 1.0 marka each to investors on the Banja Luka Stock Exchange, it said in a bourse filing on Wednesday.

The 15-year bonds have a three-year grace period and carry a fixed annual interest rate of 4.0%.

The proceeds will be used to finance the construction of a new ten-seat gondola lift, a project valued at 11.66 million marka,  said.

This is the company's third bond issue.

OC Jahorina's 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.

(1 euro = 195583 marka)