November 30 (SeeNews) - Croatian oil and gas group INA [ZSE:INA] said subscription books for its up to 2.0 billion kuna ($302 billion/266 billion euro) bond issue will be open on December 1 from 9 a.m. to 2 p.m. local time.
The minimum subscription amount is 1.0 million kuna, INA said in a subscription form sent to the Zagreb bourse on Monday.
The final price and details of the the allocation of the bonds will be announced on December 2. The bond issue will be listed on the Zagreb Stock Exchange on December 9.
Principal payment is one-off, at maturity. The fixed-rate unsubordinated and unsecured bond will mature on December 6, 2026.
The company said earlier that it will use the raised funds to service debt, finance acquisitions in equipment and facilities, and for new investments.
INA's shares last traded on Friday, when they closed unchanged at 3,500 kuna.
(1 euro = 7.524 kuna)
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