Croatia issues HRK 6 billion 11-year bond

Croatia issued a new, HRK 6 billion 11-year bond on the domestic market on Thursday, the Ministry of Finance confirmed to Hina.

The bond, maturing on 14 December 2026, carries a yield of 4.4 per cent and has a semi-annual coupon of 4.25 per cent.

During the opening of the prospectus earlier on Thursday, an issue of HRK 5.5 billion was planned.

Finance Minister Boris Lalovac said after a Cabinet meeting on Thursday that the new bond issue would be used to refinance the debt due.

The ministry will use the money thus raised to refinance an HRK 5.5 billion 10-year bond, bearing an interest rate of 5.25 per cent, which matures on December 15.


(EUR 1 = HRK 7.63)

Last update: Thu, 10/12/2015 - 17:40

More from Croatia

NGO accuses UN health rapporteur of overstepping his authority

"In the name of the family" association has issued a strongly-worded statement criticising UN's special rapporteur...

Wood-rimmed glasses from Croatia gift to Pope for his 80th birthday

Pope Francis, who will celebrate his 80th birthday on 17 December, will be given an unusual present, glasses the...

Croatian 15-year-olds still underperform in PISA survey

Croatian 15-year-olds are still below the average performance in reading, mathematics and science compared with...

Marathon-long session on budget ends, vote may be after 3 days

Croatia's parliament finished a 14-hour long session on a 2017 draft budget shortly after Saturday midnight, and...

High level of ICT integration in Croatian businesses - DZS

As many as 77% of Croatian households and 91% of businesses had access to the Internet in 2016, and in this outgoing...