January 26 (SeeNews) - Bosnian microlender Pro Fin said on Thursday it is inviting investors to subscribe for its new issue of fixed-rate three-year notes planned in the amount of up to 1 million marka ($557,970/511,291 euro).
The debt paper bears annual interest of 7.50%, with coupon payments to be made monthly, it said in a bourse filing.
Profin is offering to investors 10,000 securities of 100 marka in par value each. The offering will be available for subscription for a period of 15 days starting February 15. The note issuance will be considered successful if at least 60% of the offering is subscribed.
Pro Fin, established in 2017, offers microloans to entrepreneurs and small companies.
(1 euro = 1.95583 marka)