ZAGREB/TOKYO, June 11 (Hina) - Croatia on Wednesday placed state bonds - the so-called Samurai bonds - on the Japanese market. The bonds are valued at 25 billion yen (about 100 million euro) with an interest rate of 1.23 percent for a
period of 6 years and a margin of 99 basic points, the Finance Ministry reported.
ZAGREB/TOKYO, June 11 (Hina) - Croatia on Wednesday placed state
bonds - the so-called Samurai bonds - on the Japanese market. The
bonds are valued at 25 billion yen (about 100 million euro) with an
interest rate of 1.23 percent for a period of 6 years and a margin of
99 basic points, the Finance Ministry reported. #L#
Croatian Finance Minister Mato Crkvenac pointed out that this was
the most successful placement of Croatian bonds since the
establishment of the country as an independent state.
It is important to stress, Crkvenac said, that this is a very
favourable loan. Last year's placement of bonds on the Japanese
market had already been achieved at an interest rate of 2.15 percent
while the interest rate for this placement will be 1.23 percent.
Minister Crkvenac emphasised the more favourable conditions for
Croatia's loan were not only the result of the state on the world
capital market but were also confirmation of Croatia's improved
rating. Croatia's interest margin which Croatia paid on the basic
value last year amounted to 144 basic points. Now it fell to 99 which
means that Croatia's position on the capital market has improved by
45 basic points.
(Hina) sp it sb