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Serbia’s Titel Agro places 57-day bond

Sep 19, 2012, 5:53:35 PMArticle by Valentina Dimitrievska
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BELGRADE (Serbia), September 19 (SeeNews) – Serbian farming company Titel Agro has placed a 40 million dinar ($453,700/347,530 euro) 57-day bond issue, the broker in charge of the transaction said on Wednesday.

Serbia’s Titel Agro places 57-day bond

Titel Agro sold 400 corporate bonds for a price of 100,000 dinars each, equal to their par value, Mediolanum Invest said in a filing to the Central Securities Depository and Clearing House.

The bonds bear a monthly interest rate of 2.0% and will mature on November 11.

This was Titel Agro's ninth short-term bond issue.

(1 euro=115.0964 Serbian dinars)

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