ZAGREB, June 14 (Hina) - Croatia has placed a new issue of state bonds in the Japanese market, worth 25 billion yen (around 210 million US dollars), with the best price yet. The funds will be used for refinancing Croatia's debt which
is due this year, Croatian Finance Minister Mato Crkvenac said upon return from Japan.
ZAGREB, June 14 (Hina) - Croatia has placed a new issue of state
bonds in the Japanese market, worth 25 billion yen (around 210
million US dollars), with the best price yet. The funds will be used
for refinancing Croatia's debt which is due this year, Croatian
Finance Minister Mato Crkvenac said upon return from Japan. #L#
Interest is 2.15 percent, which, Croatian representatives said,
was the best interest rate Croatian bonds ever achieved. A spread of
144 base points was also agreed.
The cost of the issuing, whose managers are the Daiwa and Nomura
financial companies, is also the cheapest so fat, at 0.5 percent.
The bonds have a deadline of six years. Crkvenac said that the
deadline was satisfactory for Croatia, because the year 2008 was
not burdened with other foreign financial commitments.
(hina) lml