Credins Bank’s bonds: FSA OKs this year’s emission
The Financial Supervision Authority approved last week the prospect for the next bond emission by Credins Bank.
According to the decision, Credins will emit new bonds amounting to two million euro, five hundred thousand US dollars and 400 million ALL.
According to the emitter’s prospect, the bonds will be convertible into shares of Credins Bank, implying that the buyer can choose the bank’s shares instead of bond repayment.
Emitting bonds is a practice that Credins Bank pursues five years now, becoming the first company in the Albanian market that applies borrowing through financial market instruments.
So far, the emission of bonds is made through a private offering, by offering bonds to buyers chosen by the bank.
This occurs primarily because Albania does not have a stock exchange market yet that would allow the emission of securities to the public and would offer free trading.
But the emergence of the emission of corporate debt instruments signals that the stock exchange is increasingly becoming a need of the financial market.
In recent years, along with Credins Bank, two other companies, Besa Fund and Balfin Group, have emitted debt instruments with a private offering.
The licensing of the first private stock exchange in Albania is still lingering on, while the application was filed nearly a year ago at the Financial Supervisory Authority.
SCAN
*Material i përgatitur nga portali SCAN. Ripublikimi mund të bëhet vetëm kundrejt citimit të autorësisë dhe burimit origjinal.