ZAGREB, Sept 13 (Hina) - The second, out of the planned three cases of the issuance of the state bonds for the support to the pension reform, is scheduled for 20 September, and on Friday the interested pension funds started their
listing for the bonds.
ZAGREB, Sept 13 (Hina) - The second, out of the planned three cases
of the issuance of the state bonds for the support to the pension
reform, is scheduled for 20 September, and on Friday the interested
pension funds started their listing for the bonds. #L#
The issuance of the bonds, worth 150 million euros, is a part of a
programme for the financing of the transitional costs of the
pension reform, drafted by the Croatian finance ministry in April
2002.
The programme should be implemented through the three instalments
of the issuance of the Croatian bonds, worth up to 500 million euros
in the period by January 2003 and with the maturity date in 2012.
At the end of this May, the first instalment of bonds worth 150
million euros also was made.
The arrangers and sponsors of the programme are Privredna Bank
Zagreb, Raiffeisenbank Austria and Zagrebacka Bank.
The interest rate for vouchers is 6.875 percent annually, and will
be paid every six months.
(hina) ms