November 11 (SeeNews) - Croatian oil and gas group INA [ZSE:INA] said that the country's financial regulator HANFA approved its prospectus for a domestic bond issue with a total nominal value of up to 2.0 billion kuna ($305 million/266 million euro) with a one-off principal maturity of up to 5 years.
HANFA approved the simplified prospectus for public offering and listing of the issue on November 10, INA said in a filing to the Zagreb Stock Exchange (ZSE) after the end of trading on Wednesday.
The bonds will have a par value of 1 million kuna each and will bear a fixed interest rate, INA said. Coupon payment will be due semi-annually.
On September 15, INA's management board adopted the decision to issue the bonds and list them on the official market of the ZSE.
INA's shares closed at 3,400 kuna on Wednesday, up 1.19% compared to the previous closing price, as 35 shares changed hands.
(1 euro = 7.512 kuna)
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