March 14 (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 2.65 million marka ($1.5 million/1.4 million euro).
The debt paper bears annual interest of 7.50%, with coupon payments to be made monthly, the company said in a bourse filing.
Pro Fin is offering to investors 26,500 securities of 100 marka in par value each. The offering will be available for subscription for a period of 15 days starting March 22. 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 = 1.956 marka)