Tigar bonds will fund footwear growth

ERJ staff report (DS)

Pirot, Serbia -- Serbian footwear company, Tigar Co. has issued a series of bonds aimed at the domestic market. The latest issue is worth Dinar 83 million (euro 770 000)

In a stock exchange announcement, Jelena Petkovic, Executive Director of Tigar said the funds will be used to finance further growth in sales and exports, primarily in the rubber footwear factory, which in the first nine months of record growth in exports of 60 percent.

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Stock exchange announcement (Bond issue) from Tigar (Serbian language)

Above story auto-translated into English (from Serbian)

Stock exchange announcement (Legal instrument) from Tigar

Above story auto-translated into English (from Serbian)