The Ministry of Finance of the Republic of Croatia has successfully issued a eurobond on the international capital market in a total nominal amount of 1.5 billion euros, maturing in 2035.
The annual coupon interest rate is 4.00, and the achieved yield is 4.047 percent, according to a statement published on the Ministry of Finance’s website.
The transaction was executed within one day from announcement to book closure, with exceptionally strong demand totaling over 6.4 billion euros.
The book of subscriptions contained more than 200 individual interests from the highest quality investors from various countries: Germany, the United Kingdom, Austria, France, the USA…
The level of interest, as well as the final terms achieved for the issuance, strongly confirm the credibility of the Republic of Croatia as an issuer in the international market, and the trust of investors in the economy and public debt of the state, especially after joining the euro area and Schengen on January 1, 2023, concludes the statement from the Ministry of Finance.
Good Reputation
Prime Minister Andrej Plenković also commented on the matter, stating that the high interest of investment investors in the newly issued Croatian eurobond speaks to the credibility and reputation of Croatia.
– This only speaks to the credibility and reputation of Croatia – said Plenković at a government session, adding that investor interest was very good, and the achieved issuance conditions were very favorable in today’s circumstances.
– All of this is in the context of responsible public finance management policy, investment credit rating, and Croatia’s strong position in the spirit of integration into the euro area and Schengen – concluded Plenković.
