Serbia's oil and gas company NIS plans to raise 5.855 billion dinars ($54.2 million/ 50 million euro) via its inaugural bond issuance, it said on Friday.
The blue-chip NIS plans to issue 585,500 five-year bonds of 10,000 dinars in par value each, the company said in a proposal on the agenda of an extraordinary meeting of shareholders scheduled on November 15.
The bonds would will have an interest rate of 6.5% per year and will be indexed in euro.
Russia's Gazprom controls 56.15% of NIS, followed by the Serbian government with some 30%, with the remainder owned by a number of minority shareholders.
On Friday, NIS shares closed 0.97% lower at 820 dinars.
(SeeNews, October 25, 2024)
