ZAGREB, March 14 (Hina) - By selling government bonds worth 500 million EUR (3.85 billion kuna) we have secured the state's liquidity for this year, Croatian Finance Minister Mato Crkvenac said Tuesday. Croatia placed government bonds
of this value on the marked on Monday on a five-year maturity and with a seven per cent interest rate.
ZAGREB, March 14 (Hina) - By selling government bonds worth 500
million EUR (3.85 billion kuna) we have secured the state's
liquidity for this year, Croatian Finance Minister Mato Crkvenac
said Tuesday.
Croatia placed government bonds of this value on the marked on
Monday on a five-year maturity and with a seven per cent interest
rate. #L#
"We have thus secured a profit in relation to the total amount of
foreign debts as well as the state's liquidity for this year,"
Crkvenac said before the Croatian National Sabor's Budget and
Financing Committee.
He described the arrangement as a great success, adding the demand
for Croatia's bonds was so far the greatest.
Crkvenac expressed conviction that Croatia would this year be able
to pay back its entire foreign debt amounting to 6.5 billion kuna
(US$812.5 million).
Thanks to the selling of Eurobonds, Croatian companies will now
have easier access to international financial markets, he
asserted.
(hina) lml jn