November 16 (SeeNews) - Croatia’s Financial Services Supervisory Agency has approved the issuing of five-year fixed-rate bonds in the total nominal amount of up to 500 million kuna ($76.4 million/67.3 million) by Erste&Steiermarkische Bank, the lender said on Friday.
After the successful offering, the issuer plans to list the bonds on the official market of the Zagreb Stock Exchange, Erste&Steiermarkische Bank said in a bourse filing.
Interest payments will be due semi-annually.
The bonds will only be offered to eligible counterparties and professional investors and the funds raised through their issuance will be used for general purposes, Erste&Steiermarkische said in September.
Austria-based Erste Group Bank AG holds a 59.02% stake in the Rijeka-headquartered Erste&Steiermarkische Bank, while the remainder is owned by Austria's Steiermaerkische Bank und Sparkassen AG.
($ = 0.881166 euro)
Erste&Steiermaerkische Bank d.d. is among the biggest banks in SEE. You can download our SEE Top 100 ranking
here or subscribe to our free Top 100 newsletter
here