Croatia mulls USD 1.5bn bond, Eurobond, domestic bond issue in 2011.

By bne IntelliNews March 23, 2011
The Croatian government will soon adopt a formal decision on the issuing of a ten-year bond worth USD 1.5bn, the Finance Ministry said in a statement on its website, adding that this year the government would also issue a Eurobond and a bond on the domestic market. Last week, the government placed an USD 1.5bn notes in a private placement market. The coupon rate of the notes stood at 6.375% and the yield was 6.617%. The maturity date of the notes is March 24, 2021. The funds, raised from the placement of the notes will be used to settle due debts in the coming period, and to fill budget gaps. The state will need HRK 27bn in funding, to be obtained partly through savings made last year, loans from international financial institutions worth EUR 300mn and and already issued bonds and announced bond issues.

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