November 15 (SeeNews) - Bosnian microloan provider Pro Fin said on Monday that its 1.8 million marka ($1.1 million/920,300 euro) three-year corporate note issue issued on November 1 was admitted to trading on the Banja Luka Stock Exchange (BLSE).
A total of 18,000 notes with a par value of 100 marka each will start trading on the BLSE on November 17, Pro Fin said in a statement.
The debt paper carries an annual interest rate of 7.50%, with interest payments to be made monthly, according to the issue prospectus filed with the BLSE.
In June, Pro Fin issued 1.6 million marka worth of three-year notes carrying an annual interest rate of 8%.
Pro Fin, established in 2017, offers microloans to individual entrepreneurs and small companies.
(1 euro = 1.95583 marka)