December 1 (SeeNews) - Croatian oil and gas group INA [ZSE:INA] set the issue price of its 2.0 billion kuna ($302 billion/ 266 billion euro) bond at at 99.445%, it said on Wednesday.
The bond yields 0.989%, and its fixed interest rate is 0.875%, INA said in a final price and allocation notice to the Zagreb bourse further to the subscription invitation to qualified investors dated November 29.
The total allocated nominal amount of the bond is at the initially set upper range for the issue. The bond has semi-annual interest payments and one-off maturity of the principal after five years.
The company said earlier that it will use the raised funds to service debt, finance acquisitions in equipment and facilities, and for new investments.
(1 euro = 7.517 kuna)
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