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
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