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N. Macedonia's securities commission approves Uni Banka perpetual bond issue

N. Macedonia's securities commission approves Uni Banka perpetual bond issue Gena96/Shutterstock.com

SKOPJE (N. Macedonia), August 18 (SeeNews) - North Macedonia's Securities and Exchange Commission (SEC) said it gave the green light to local lender UNI Banka to issue a 2.50 million euro ($2.53 million) perpetual bond in a private placement.

The issue will consist of 2,500 bonds with a nominal value of 1,000 euro each, SEC said in a statement on Wednesday.

The selling price will be equal to the nominal price and the issued capital instrument will be used as additional core capital.

On Tuesday, UNI Banka said in a bourse filing that it intends to issue a 2.50 million euro perpetual bond in a private placement.

The bonds will carry an annual coupon of 5% in their first five years, and 7% after that, the lender said in the filing, adding that interest payments will be made semiannually, and the bonds will be offered to pre-selected investors.

($ = 0.98386 euro)

 
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