ZAGREB, Dec 12 (Hina) - Seven Croatian banks will issue EUR200 million in new government bonds on Dec. 14. A contract to that effect was signed on Wednesday. The contract was signed by Finance Minister Mato Crkvenac and
representatives of Privredna Banka Zagreb and Zagrebacka Banka, which are the agents and leading arrangers in the issuing. Rijecka Banka and Raiffeisenbank Austria are participating as fellow leading arrangers, Splitska Banka as arranger, and Erste & Steirmarkische Bank and Hypo Alpe-Adria-Bank as co-arrangers. The bonds will be issued for a seven-year period, with a 6.875 percent yield, denomination in the euro and the settlement of interest and capital in the domestic currency, according to the Croatian National Bank's central rate. The bonds will be listed on the Zagreb Stock Exchange and the Central Deposit Agency. Trading on a secondary market is expected immediately after
ZAGREB, Dec 12 (Hina) - Seven Croatian banks will issue EUR200
million in new government bonds on Dec. 14. A contract to that
effect was signed on Wednesday.
The contract was signed by Finance Minister Mato Crkvenac and
representatives of Privredna Banka Zagreb and Zagrebacka Banka,
which are the agents and leading arrangers in the issuing. Rijecka
Banka and Raiffeisenbank Austria are participating as fellow
leading arrangers, Splitska Banka as arranger, and Erste &
Steirmarkische Bank and Hypo Alpe-Adria-Bank as co-arrangers.
The bonds will be issued for a seven-year period, with a 6.875
percent yield, denomination in the euro and the settlement of
interest and capital in the domestic currency, according to the
Croatian National Bank's central rate. The bonds will be listed on
the Zagreb Stock Exchange and the Central Deposit Agency. Trading
on a secondary market is expected immediately after the issuing.
The latest bonds will settle all issues in connection with
budgetary revenue for this year as the revenue from privatisation
has not been in line with expectations, said Minister Crkvenac. He
added the budgetary year was nearing completion with the orderly
execution of commitments.
The government is working towards keeping as many transactions as
possible on the domestic financial market. Activities to that end
will be intensified in 2002.
Two financial operations on the international market are planned
for next year, said the minister. January or February will see the
issuing of bonds worth probably EUR500 million, and another
issuance six months later, with an eye on the Japanese market.
(hina) ha sb