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Listing of second issue of convertible bonds issued by Centralna kooperativna banka AD Skopje
Tuesday, July 15, 2025

At the meeting held on 14.07.2025, the Board of Directors of the Macedonian Stock Exchange adopted a Decision for listing of the convertible bonds (second issue) issued by Centralna Kooperativna Banka AD Skopje on the Official Market of the Macedonian Stock Exchange AD Skopje, on the subsegment Exchange Listing - Bonds. The characteristics of this financial instrument are as follows:

  • Type of security: convertible, transferable, subordinated, unsecured bonds with fixed interest rate
  • Number of issued bonds: 60
  • Nominal value of one bond: 100,000 EUR
  • Total nominal value of the issue: EUR 6 million
  • Issue date: 20.06.2025
  • Maturity date: 20.06.2034
  • Interest rate: Fixed annual interest rate of 2.2% for the entire period. Interest is due annually on 20.06. every year. Interest is calculated in euros and paid in denars
  • Convertibility Option: The convertibility option entitles the bondholder to convert the bonds into voting common shares, at their request, at a conversion price of €41.2069 per share. The remainder that will not be converted will be paid to the bondholder. The conversion of bonds into ordinary voting shares is made at the holder's request which may be filed every three months from the date of issuance of the bond.
  • Legal Position (Subordination) of the bonds: Bonds are unsecured and subordinated liabilities with respect to the Bank's liabilities to other depositors and creditors. The bonds shall be equal to each other and shall be treated equally at payment as all other debt securities of the same type and characteristics to be issued by the Bank.
  • Purchase Option/Redemption: The issuer may, in its sole discretion, redeem the securities after the expiration of 5 years from the date of issue, with prior approval from the NBRM.
  • Trading code: CKBKO2
  • ISIN: MKSILB200022
  • Listing date and first trading day: 18.07.2025
  • Trading Mode: Auction trading, Third group

 

Having in mind the aforementioned, as with every investment in securities, it is necessary for investors to be thoroughly informed about the characteristics of the financial instrument by inspecting and analyzing the listing prospect, as well as by reading the announcements that the Issuer will publish in future through the Electronic reporting system for listed companies, SEI-Net.