October 26 (SeeNews) - Croatian lender Podravska Banka [ZSE:PDBA] said it issued on Tuesday 8.5 million euro ($9.9 million) worth of subordinated corporate bonds.
The bonds have a nominal value of 1.0 euro apiece and carry a fixed annual interest rate of 4% to be paid semi-annually, the bank said in a filing to the Zagreb bourse. They mature on October 26, 2029.
The bonds are added to the company's additional capital.
The bonds were issued with a public offering without publishing a prospectus, along with earlier redemption and exchange of an existing 9.4 million euro bond issue, made in May 2018, maturing in 2025.
The bank's shares last traded on October 14, when they ended at 200 kuna ($15.4/13.3 euro), up 11.11% from the previous closing price.
(1 euro=7.519 Croatian kuna)