Croatia issues bond on most favourable terms so far

NEWS 22.11.2019 10:26
Source: Morgue File (Ilustracija)

Prime Minister Andrej Plenkovic informed the government on Friday that the finance ministry had issued a bond in the amount of 11 billion kuna and that this borrowing had been conduced on the most favourable terms so far.

“We have issued the bond on the domestic market under the favourable conditions in the amount of HRK 3.5 billion until 2024 and 7.5 billion until 2034, with the yield of 0.36% and interest rate of 0.25%. This is much more favourable than before,” Plenkovic said.

The planned saving on the interest is 340 million kuna annually, and this will be achieved by the refinancing of previous borrowing by the new bond.

All this shows that the government pursues a responsible policy and that has been recognised by financial institutions and on financial markets, the premier said.

This is an achievement that the business people will feel, he added.

The issuance has been arranged by Erste, Privredna, Reiffeisen and Zagrebacka Banka.

(€1 =HRK 7.438108)