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Bosnia's Pro Fin to issue 1.5 mln euro of 3-year notes

Jun 7, 2024, 10:22:23 AMArticle by Dragana Petrushevska
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June 7 (SeeNews) - Bosnian microloan provider Pro Fin said on Friday it intends to issue 3 million marka ($1.7 million/1.5 million euro) worth of fixed-rate three-year notes, its tenth issue so far.

Bosnia's Pro Fin to issue 1.5 mln euro of 3-year notes
License: CC0 Creative Commons

The new financing round is aimed at strengthening the loan portfolio and the issuer's position in the market of micro lending and financial services, as well as meeting the needs of large clients, Pro Fin said in a bourse filing.

The company will offer to investors 30,000 notes at a price of 100 marka each. The debt paper will bear annual interest of 7.50%, with interest payments due monthly.

Pro Fin issued 2.65 million marka worth of three-year notes, bearing annual interest of 7.50%, in March.

Pro Fin, established in 2017, offers microloans to entrepreneurs and small companies.

(1 euro = 1.956 marka)

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