June 30 (SeeNews) - The Bosnian town of Pelagicevo said on Thursday that its 1.2 million marka ($639,800/613,600 euro) 10-year municipal bond issue was admitted to trading on the Banja Luka Stock Exchange (BLSE).
A total of 12,000 bonds with a par value of 100 marka each will start trading on the BLSE on July 4, Pelagicevo said in a bourse filing.
The debt paper, which matures on June 16, 2032, bears an annual interest rate of 5%, paid semi-annually.
Pelagicevo will use the proceeds from the bond issue to finance several capital investment projects, including reconstruction of public buildings and rehabilitation of local roads, it said in the bond prospectus.
(1 euro = 1.95583 marka)