Slovenian retailer Mercator places 11.8 mln euro 6-mo bond

The issue, placed on October 1, bears an interest rate of 4.737% per year and comprises 11,804 bonds with a nominal value of 1,000 euro apiece. It was paid up by 23 investors, Mercator said in a bourse filing.

The commercial papers were placed for the purpose of managing the maturity of the issuer's assets and liabilities, the statement said.

The retailer said it has applied for the admission of the commercial papers to trading on the regulated market of the Ljubljana Stock Exchange.

($=0.7729 euro)