Croatia expects the bond to carry a yield of around 6.75 percent according to market speculations, fund managers told Reuters.
The bond is likely to be launched later in the day,
According to sources from London and Zagreb, the proceeds will be used to cover the planned budget deficit this year in the amount of HRK 8.6 billion ($1.59 billion), "amid underperforming revenues and the government's reluctance to enforce deep spending cuts."