December 10 (SeeNews) - Croatian state-controlled lender Hrvatska Postanska Banka [ZSE:HPB-R-A] on Wednesday announced the final terms for a bond issue with a target value of 60 million euro ($74.3 million), setting the coupon rate at 5.5%.
Hrvatska Postanska Banka (HPB) said in a filing to the Zagreb bourse the issue price of the subordinated, unsecured bonds will be equal to par.
The bonds will mature on December 12, 2020.
The lender, which had a total capital adequacy ratio of 8.09% as of September 30, has said the bond aims to help meet regulatory capital requirements.
HPB turned to a non-consolidated net loss of 409.8 million kuna in the first nine months of 2014 from a net profit of 73.8 million kuna a year earlier.
($=0.8072 euro)