ZAGREB, May 29 (Hina) - The Croatian government on Thursday decided to issue 25 million yen worth of government bonds on the Japanese market, which will complete this year's plan of foreign indebtedness through government
bonds.
ZAGREB, May 29 (Hina) - The Croatian government on Thursday decided
to issue 25 million yen worth of government bonds on the Japanese
market, which will complete this year's plan of foreign
indebtedness through government bonds. #L#
The bonds will be offered on June 26, their interest rate set on the
day of offer, and their maturity rate will be June 26, 2009. The
bonds are arranged by Daiwa SBCM and Nomura Securities.
The 25 million yen is intended for current payments of the capital
sum of loans expressed in the account for financing this year's
budget and whose maturity is this year, as well as for the financing
of budgetary deficit, Finance Minister Mato Crkvenac said.
The government is authorised to incur up to 9.15 billion kuna
(EUR1.22 billion) of debts on the financial markets abroad and at
home. The largest part of foreign debt was incurred in February with
the successful issue of EUR500 million worth of euro bonds on the
European financial market. Their maturity is in 2010 and interest
rate 4.625 percent.
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