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Croatia prices new 11-year local bond worth 6.0bn kuna at 98.703

Published December 10, 2015 Updated December 10, 2015 01:01pm

1 min

By Shoaib Ur Rehman

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ZAGREB: Croatia priced on Thursday a new 11-year local bond worth 6.0 billion kuna ($861.45 million) at 98.703, one of the four leading arrangers said.

The bond, maturing on Dec. 14, 2026, is yielding 4.40 percent and has a semi-annual coupon of 4.25 percent.

The finance ministry will use the proceeds to refinance a 10-year local bond worth 5.5 billion kuna that matures on Dec. 15.

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