18:07 / 14.04.2022.

Author: Branko Lozančić

Plenković: Croatia has confirmed its status as an attractive bond issuer

primer ministro Andrej Plenković

primer ministro Andrej Plenković

Foto: HTV / HRt

“With the latest issue of the Eurobond, Croatia has confirmed its status as an attractive issuer in which investors have confidence,” said Prime Minister Andrej Plenković on Thursday in the introduction to the government cabinet session.

“The achieved conditions confirm Croatia's status as an attractive issuer and prove strong investor confidence in the quality of Croatian debt on the international market, which ultimately enabled Croatia to pave the way for Eurobond issues to other countries in the region,” said Prime Minister Andrej Plenković.

According to the Prime Minister, the issue was realized in conditions and circumstances of rising inflation, tightening of monetary policies of central banks and consequent growth of interest rates and market yields and Russia's aggression against Ukraine, where the interest of the international investment community was very significant.

Namely, he recalled that demand amounting to a total of almost three billion euros was realized and the interest for registration was collected from the best investors.

The Finance Ministry on Wednesday issued a Eurobond on the international capital market totaling 1.25 billion euros, maturing in 2032.

The annual coupon interest rate on the new Eurobond is 2.875 percent, and the realized yield is 2.975 percent.

The collected funds will be used to finance the general needs of the state budget, which include refinancing the existing Eurobond of the Republic of Croatia, which matures on May 30 this year with a nominal value of 1.25 billion euros and an interest rate of 3.875 percent.

Source: HRT

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