Serbian mining firm Rudnici i Topionica Zajaca sells short-term bonds.

By bne IntelliNews April 12, 2012
Serbian mining company Rudnici i Topionica Zajaca has placed a RSD 100mn (EUR 897,000) issue of short-term bonds, the transaction manager, Banka Postanska Stedionica, said in filings to the Central Securities Depository and Clearing House. Rudnici i Topionica Zajaca sold 10,000 securities at RSD 10,000 each, equal to their par value. The 100-day bonds have an annual interest of 21.5% and mature on July 19, 2012. This was the company's eleventh issue of short-term debt. The mining firm placed a RSD 150mn issue of 90-day securities on March 30 at the same annual interest. Rudnici i Topionica Zajaca is part of Serbian holding company Farmakom MB, which is active in agriculture, mining and metals manufacturing. Farmakom MB comprises seven companies and owns 15 mines.

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