Credins Bank ready for next issue of private bonds
Credins Bank remains the most active company in issuing private debt instruments.
On Wednesday, the Financial Supervisory Authority is expected to approve the next prospectus of private bonds of this entity for a value of EUR 500,000, US $ 1 million and ALL 400 million respectively. The bonds have a maturity of seven years and are convertible into shares . For more than five years, Credins has turned the borrowing through bonds into a successful practice.
For buyers, these bonds provide satisfactory benefits and the ability to convert them into bank shares. According to the financial data reported by the bank itself, at the end of September, the total of bonds in the Credins Bank balance sheet had a value of approximately 6.4 billion. Credins is the most important issuer of private bond bids, but it is not the only one. In recent years, private equity bail bonds have also issued financial institutions Besa and Noa, or important companies such as Digitalb and Balfin. Until now, these titles are issued with a private offer, which means that they are offered to customers selected by the issuer itself or the financial broker.
But the increase in the number of companies using these instruments indicates that the Albanian financial market is paving the way for the development of a capital market. In February this year, the first private scholarships in Albania started. Initially, the bonds and bonds of the Albanian government are being traded in this stock exchange, but soon will be opened the way for trading of securities of private enterprises.