Erste Bank a.d. Novi Sad announced a public offer to corporate and retail investors of the primary issue of the Bank’s long-term dinar-denominated corporate bonds. The bonds will be issued at par value of RSD 10 thousand, with a maturity of two years (731 days). The total bond offer will be worth RSD 2.1 billion.
The interest rate is fixed at 15% in nominal terms and 15.87% effectively.
The issue prospectus can be found on the link at the bottom of the page.
The auction will be held on 6 November 2012. The bonds will be registered in the electronic system of the Central Securities Depository in the issue account of the issuer and the securities accounts of the lawful holders. The secondary bond trading will be possible in the regulated market of the Belgrade Stock Exchange and the OTC market.