No one wants “Niskogradnje” bonds, the issue is stopped

24.07.2024. / 15:03

BANJALUKA – The company “Niskogradnja” from Laktaš, owned by Ljubomir Ćubić, has temporarily suspended the fourth issue of bonds, through which it tried to collect three million marks.

In the notice for investors, they state that there have been new circumstances that could affect the decision to purchase securities.

Allegedly, there was a problem with real estate for which Ćubić guaranteed the orderly repayment of the debt.

“The new circumstances refer to the procedure for registering a mortgage on the territory of the Republic of Serbia. After the elimination of the mentioned circumstances and potential amendments to the Single Prospectus, the public offering of bonds will continue”, stated in the termination notice.

By the way, the decision to stop the show was made just a few days before the deadline for registration and payment, which was July 25.

Data on trading on the Banja Luka Stock Exchange show a complete disinterest of investors in “Niskogradnja” bonds.

Namely, in almost a month that the offer lasted, only 42 bonds were sold, on the basis of which 42,000 marks were collected.

We remind you that in order for the issue to be successful, it is necessary to sell 60 percent of the 3,000 bonds.

The plan was that two million marks would be used to pay off financial obligations, and the remaining one million would be used for working capital.

A knowledgeable interlocutor CAPITAL-a, does not rule out the possibility that the show was interrupted deliberately and deliberately.

“It is possible that time is being bought until an investor is found in the ranks of the state, and so far it has been the Investment and Development Bank of Republika Srpska. It is obvious that no one wants these bonds except them“, he said.

Let’s remind Ćubić that the Republika Srpska, that is, the Investment and Development Bank of the Republika Srpska bought bonds and saved him from financial collapse.

Namely, in February 2021, Ćubić first received two million marks from the IRB in order to repay the debt to businessman Mile Radišić who blocked his company, and then from “Niskogradnja” purchased the bond issue from which the money was returned to her.

In this way, she saved him from total bankruptcy, because a kind of reprogramming of his obligations was made.

CAPITAL: D. Tovilović