Croatia sold out a EUR 700mn issue of euro-denominated 18-mo Treasury notes on Tuesday, August 13, at an average annual yield of 5%, the ministry of finance said in a statement.
This was the first euro-denominated debt sale with 18-mo maturity of the Croatian government so far this year. Investors showed a considerable interest in it with banking and non-banking institutions submitting offers to the value of EUR 1.14bn.
There were a number of three-month and one-year euro denominated T-bill auctions in Croatia this year. The last one took place on July 2 with average yields reaching 0.55% and 1.30%, respectively, somewhat lower compared to the previous sales. The size of the sold securities back then was EUR 3mn.
Croatian Prime Minister Andrej Plenkovic has proposed former McKinsey consultant Fabris Perusko as the new crisis manager of troubled food and retail group Agrokor, the government ... more
The owner of Croatia’s heavily indebted food and retail giant Agrokor, Ivica Todoric, wrote on his blog on January 11 that he has filed a lawsuit against Croatia with the European Commission over ... more
An explosion at the site of Austrian OMV’s Baumgarten natural gas hub has interrupted gas transit to Italy, Slovenia and Hungary, the Austrian government’s electricity and gas markets regulator ... more