NIS to issue first corporate bonds

The General Assembly of Naftna Industrija Srbije (NIS) adopted on Friday, at an extraordinary session, the Decision on issuing the first corporate bonds with a total nominal value of RSD 5.855 billion, the company announced. In line with that decision, NIS is issuing 585,500 pieces of the first emissions of long-term bonds with an individual nominal value of RSD 10,000, with the possibility of a subsequent inclusion in the secondary trading on the Belgrade Stock Exchange.

Eligible purchasers are exclusively investors (legal or natural persons) which acquire bonds in the minimum amount of EUR 100,000 in dinar counter-value at the official middle exchange rate of the National Bank of Serbia (NBS), per investor, for each individual offer.

The owner of the bond has the right of disposal of bonds and the transfer of ownership to third parties, without limitations, in line with the regulations in effect and has no right of premature buyout.

The bonds are issued with a maturity date of five years from the date of the issue.

The owner of the bond has the right to the payment of the principal amount on the maturity date and the right to the payment of the interest. The bonds are issued with a fixed coupon rate of 6.5% on annual level and a quarterly payment of the interest coupon, starting from the date of the issuing of the bonds.

The payment of the value of the due interest rate and principal amount is done in dinars, as a dinar equivalent to the value expressed in euros, calculated according to the middle exchange rate of the NBS on the maturity date.

The payment of the interest coupon and the principal amount will be done by NIS to the person which is the owner of the bond on the maturity date.

To meet the obligations based on this issue of bonds, NIS puts up the entire property in line with the legal regulations.

The subscription and payment deadline is 15 days, and the plan is for the period for the subscription and payment to last from November 29 until December 13, 2024.

The issue will be considered successful if, within the set deadline, at least 30% of the planned issue volume is subscribed and paid, and if the issue is not successful, the paid amount will be repaid to the account of the payer contained in the subscription form, within three work days, following the expiration of the subscription deadline.

In the case of a successful issue, NIS will subsequently file the request for the approval of the prospectus and the inclusion of the bonds in the trading within the OPEN MARKET segment of the regulated market of the Belgrade Stock Exchange.

NIS a.d. Novi Sad

Beogradska berza a.d. Beograd

Naftna industrija Srbije

Belgrade Stock Exchange

corporate bonds