March 6 (SeeNews) - Croatia’s finance ministry has set at 3.65% the annual coupon rate on its maiden two-year retail bond issue through which it raised 1.85 bln euro ($1.97 billion), official data showed.
All individuals who subscribed and paid in the government securities were allocated bonds worth a total of 1.3 billion euro, the finance ministry said on Friday in a filing to the Zagreb Stock Exchange, on which the bond will be listed.
In addition, the finance ministry allocated to institutional investors 514.6 million euro worth of bonds, while they place bids in the total amount of 971.1 million euro.
The issue date of the bond is March 8 and the maturity date falls on March 8, 2025.
($ = 0.939 euro)