Bosnian insurer Bobar Osiguranje said on Friday it will launch a public offering on December 14 to sell 38,000 ordinary shares via the Banja Luka Stock Exchange.

The par value of one share is set at 100 marka, the insurer said in a bourse filing.

The public offer will be open for a period of up to 90 days, unless the shares are mopped up earlier.
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BOSNIA: Bosnia's Bobar Osiguranje to offer 38,000 shares on bourse