ZAGREB, Oct 10 (Hina) - At its closed-door session on Friday the Croatian government decided to place 760 million kuna (EUR101.3 million) worth of bonds on the domestic capital market to cover part of the deficit of the Croatian
Highways company.
ZAGREB, Oct 10 (Hina) - At its closed-door session on Friday the
Croatian government decided to place 760 million kuna (EUR101.3
million) worth of bonds on the domestic capital market to cover part
of the deficit of the Croatian Highways company. #L#
The company will use the funds for the construction of the
Bosiljevo-Split, Zagreb-Gorican, and Rupa-Rijeka highways.
The government put up collateral for a EUR250 million loan which
Croatian Highways is to be granted from a bank group consisting of
Deutsche Bank AG, Singapore Branch, The Bank of Tokyo-Mitsubishi
Ltd., and Mizuho Corporate Bank Ltd., with insurance from Nippon
Export and Investment Insurance.
The loan will be used to finance works on the Bosiljevo-Split and
Zadar II-Prgomet highways.
Also today, the government put to parliament for second reading a
bill of amendments to the Law on the Take-Over of Joint Stock
Companies.
The government adopted a final report on the execution of the Law on
the Collection of Unpaid Taxes, Customs Duties, Contributions, and
State Guarantees, as well as a final report on the purchase of this
year's farmers' wheat yield.
(EUR1 = 7.5 kuna)
(hina) ha