June 7 (SeeNews) - The Croatian finance ministry said on Wednesday it has successfully issued an eurobond with a nominal value of 1.5 billion euro ($1.6 billion) in its first transaction on the international debt market since joining the eurozone.
The bond, which has a maturity in 2035, was issued on June 6 and it has an annual coupon of 4.0% and a 4.047% yield, the ministry said in a press release.
The transaction was carried out within a single day from its announcement to the close of subscription amidst “exceptionally high” demand, exceeding 6.4 billion euro, the ministry noted.
The subscription book had more than 200 investors including ones from Germany, the UK and Ireland, France, Denmark, the U.S., Benelux, central and southeastern Europe.
The level of the demand as well as the final conditions of the issue that have been achieved are a strong confirmation for the credibility of Croatia as an issuer on the international market, particularity after its entry to the eurozone and Schengen at the beginning of 2023, the ministry said.
($ = 0.937 euro)