April 28 (SeeNews) - The Albanian Financial Supervisory Authority (AFSA) said on Friday its board approved a prospectus for a corporate bond issuance, the country's first, on the local stock exchange.
The bonds will be issued by microfinance institution NOA sh.a. in a public offering on the Albanian Securities Exchange (ALSE), Edvin Peci, press advisor at AFSA, told SeeNews in an email.
Details about the size of the bond issue or the date of the offering were not immediately available.
Established in 1998, NOA offers loans to small businesses and farmers in Albania.
ALSE was licensed in July 2017 as the first private securities exchange in the country. Since the start of operations in February 2018, however, only government securities have been traded on the exchange.