Bosnia's Pro Fin raises €1.5 million in notes placement
What's the deal? Bosnian microloan provider MKD Pro FinDealroom has a profile for this one. Try Dealroom → has raised 3 million marka (€1.5 million) through its 22nd notes issue on the Banja Luka Stock ExchangeDealroom has a profile for this one. Try Dealroom →. It placed all 3 million corporate notes at 1.00 marka each, matching its target.
The terms: The securities carry an annual interest rate of 7.5% and sold at nominal value. Each note was priced at 1.00 marka.
What's the endgame? Founded in 2017, Pro Fin lends to entrepreneurs and small companies. The debt raise gives it fresh capital to extend those microloans.
The signal: Pro Fin's repeat use of the local bond market — now 22 issues deep — shows how smaller Southeast European lenders tap public debt to fund their books, sidestepping traditional bank financing.
Read more: seenews.com
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