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Croatia's INA considering 2.0 bln kuna (267 mln euro) bond issue

Author Annie Tsoneva
Croatia's INA considering 2.0 bln kuna (267 mln euro) bond issue Author: Zagreb bourse. License: All rights reserved.

ZAGREB (Croatia), September 15 (SeeNews) - Croatian oil and gas group INA [ZSE:INA] said on Wednesday it is considering a domestic bond issue of up to 2.0 billion kuna ($316 million/267 million euro) with a one-off principal maturity of up to 5 years.

On September 15, the management board of the company adopted the decision on the issuing of the bonds and their listing on the official market of the Zagreb Stock Exchange, the company said in a filing to the Zagreb bourse.

The transaction shall only be executed subject to obtaining of all regulatory approvals in accordance with the applicable rules and subject to acceptable market conditions, it added.

INA also said it has hired Erste&Steiermaerkische Bank, Privredna banka Zagreb and Raiffeisenbank Austria as agents for the issuance.

INA's shares closed at 3,360 kuna on Wednesday, down 0.59% compared to the closing price on Tuesday.

(1 euro = 7.483 kuna)

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