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Fortenova sells agri unit to Podravka for 333 mln euro

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N. Macedonia's securities commission approves Shtip municipal bond issue

Nov 18, 2022, 5:10:25 PMArticle by Monika Stojanovska

November 18 (SeeNews) - North Macedonia's Securities and Exchange Commission (SEC) said on Friday it gave the green light to the Municipality of Shtip for the issuance of long-term debt securities through a public offering.

The Municipality of Shtip will issue 8,000 municipal bonds with a nominal value of 500 euro apiece, a total nominal value of 4 million euro and a fixed annual interest rate of 4.75%, SEC said in a statement.

N. Macedonia's securities commission approves Shtip municipal bond issue

Ken Teegardin/CC BY-SA 2.0

SEC added that this is the first issue of municipal bonds on the domestic capital market.

The newly issued shares could be purchased by domestic or foreign individuals and legal entities, according to the statement.

($ = 0.966 euro)

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