Deputy Prime Minister and Minister of Finance Marko Primorac stated on Monday that the new issuance of ‘people’s’ bonds gives citizens the opportunity to enhance their financial resources at significantly higher yields than they can achieve in commercial banks.
Starting today, citizens have the option to subscribe to ‘people’s’ bonds with a maturity of three years, with a minimum expected yield of 3.1 percent, and based on the received offers, including participation from institutional investors, the final issuance conditions will be defined, and that yield, or interest rate, will certainly be higher than 3.1 percent.
– How much exactly, we will define on July 10 – said Primorac on the sidelines of the 19th Convention of Croatian Exporters.
The targeted issuance amount is 750 million euros, responses to all previous issuances of government securities have been significant, and the state is providing citizens with the opportunity to enhance their financial resources at significantly higher yields than they can achieve in commercial banks, the minister emphasized.
Indirectly, they can also achieve other goals, primarily in terms of increasing financial literacy. Citizens now talk about government debt instruments – bonds and treasury bills – as if it is ‘something completely normal’, he added.
