HEP issues new bonds

The Hrvatska Elektroprivreda (HEP) power company issued USD 550 million worth of bonds on foreign capital markets on October 19, the company announced via the Zagreb Stock Exchange on Tuesday.

The bonds mature in 2022, the yield is 6.125% and the coupon 5.875%. The issue was co-arranged by Banca IMI, Morgan Stanley & CO, International PLC and Unicredit Bank.

After the issuance, agreements were signed whereby the currency of the issue, the US dollar, was swapped for the euro, HEP said.

Last update: Sat, 24/10/2015 - 19:37

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