Croatia Issues Two Bonds Worth €1.2bn in Total

Total Croatia News

Updated on:

Image: Pixabay
Image: Pixabay

The first bond, in the nominal amount of €400 million, falls due in 2026 and has a yield of 2.17%, while the second one, in the nominal amount of €800 million, matures in 2032 and has a yield of 3.47%, the Ministry of Finance announced in a statement on its website on Wednesday.

The proceeds will largely be used to refinance a €1 billion bond that falls due on 22 July and to finance the needs of the state budget. The Ministry noted that compared with the refinancing amount, nearly €36 million will be saved in interest annually.

By choosing the mid-and long-term maturity, the Ministry achieved the optimum level of demand on the domestic capital market, covering a wide range of institutional investors, including banks, mandatory and voluntary pension funds, insurance and investment funds, with more than 50 domestic institutional investors participating, the statement said.

Investors’ interest exceeded €1.75 billion.

The Ministry said that the latest issue reaffirmed Croatia as an attractive issuer on the domestic capital market.

The issue was arranged by Erste & Steiermärkische Bank, OTP Bank, Privredna Banka Zagreb, Raiffeisenbank Austria and Zagrebačka Banka and co-arranged by Hrvatska Poštanska Banka.

For more, check out our politics section.


Subscribe to our newsletter

the fields marked with * are required
Email: *
First name:
Last name:
Gender: Male Female
Please don't insert text in the box below!

Leave a Comment