Tigar again issues short-term bonds

(Photo: Tigar.com)

Only few days after completing a RSD 30 million issue of 19-day bonds, Pirot-based Tigar issued new bonds on Monday.

This time, the value of the 33th issue of short-term bonds is RSD 25 million, while their term is even shorter - only 18 days.

The selling price of RSD 10,000 is equal to the nominal price, while the annual yield has remained unchanged - 10 percent.

Let us remind that Tigar's consolidated operating income in the period January-June 2012 amounted to 2.2 billion dinars, down 12.5 percent from the same period last year.

The consolidated business profit dropped from last year's RSD 44 million to only RSD 13 million, while high financial expenses pushed this company into a RSD 89.2 million loss. With the share price of RSD 221 on Monday, Tigar's market cap amounted to RSD 380 million (EUR 3.2 million).