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24Mar2015
Corporate bond issue of Micro Credit AD
On 13.02.2015, Micro Credit AD successfully placed its first corporate bond issue with the following terms:
- Issue amount: EUR 1,5mn
- Number of bonds issued and nominal value: 1.500 bonds with nominal value of EUR 1.000 each
- Bond types: Common, interest-bearing, dematerialized, registered, unconvertible, freely transferable, secured corporate bonds
- Maturity: 36 months
- Principal payment: 10 equal installments on the dates of the last 10 the coupon payment
- Periodicity of coupon payments: 3 months
The corporate bond issue was structured and placed by Karoll Investment EAD under the terms and conditions of private offering, and was registered at Central Depository AD. Micro Credit AD is a fast-growing non-bankig financial institution providing consumer loans and financial services to end customers.
