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Bosnia's Pro Fin offers for subscription 818,100 euro worth of 3-yr notes

Oct 5, 2022, 2:00:37 PMArticle by Dragana Petrushevska
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October 5 (SeeNews) - Bosnian microlender Pro Fin said on Wednesday it is inviting investors to subscribe for its new issue of fixed-rate three-year notes planned in the amount of up to 1.6 million marka ($812,200/818,100 euro).

Bosnia's Pro Fin offers for subscription 818,100 euro worth of 3-yr notes
Photo: www.fmf.gov.ba

The company is offering to investors 16,000 securities of 100 marka in par value each, it said in a bourse filing.

The debt paper carries an annual interest rate of 7.50%, with interest payments to be made monthly.

The offering will be available for subscription for a period of 15 days starting October 14. 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)

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