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Belgrade – Skuptina’s announcement “Telekom Srbija” has made the decision to issue 2.35 million corporate bonds with a total face value of 23.5 billion dinars.
Source: Tanjug
Photo: Epa, Koca Sulejmanovic
The individual nominal value of the bonds is 10,000 dinars, and they are issued in dematerialized form for qualified investors, is expressed in the decision taken yesterday by the assembly of this corporation.
The term for subscription of bonds will be 30 days from the effective date of the Assembly’s decision, and the issuance will be considered successful if at least 50 percent of the bonds offered are subscribed within that term. .
The bonds are issued to finance Telekom Srbija’s business needs, including refinancing existing financial obligations and financing business enhancement.
The bond yield is five years and the coupon interest rate is 3M BELIBOR + 2.95 pp per year.
The bonds are unsecured, that is, unsecured, and have a fixed maturity, which means that the principal will be paid in full on the maturity date.
According to the Central Securities Depository, the Republic of Serbia owns 58.1 percent of Telekom’s shares, 20 percent is owned by the company itself and 21.8 percent of the shares are held by individuals.
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