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Oct 17, 2007 18:16 EEST
ZAGREB (Croatia), October 17 (SeeNews) – The subscription for a five-year fixed-rate domestic corporate bond worth 70 million kuna ($13.6 million/9.6 million euro) of Croatian state-owned ferry operator Jadrolinija opened on Wednesday, the issue manager said.
“Jadrolinija will use the funding raised by the bond issue to buy back its commercial papers worth 70 million kuna, through which it financed the purchase of two ferry boats,” the issue manager, Erste&Steiermaerkische Bank, said in a statement.
The subscription ends on October 23. The bond will be issued on October 25 and will be listed on the top tier of the Zagreb Stock Exchange.
(1 euro= 7.3214 Croatian kuna)
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