May 25 (SeeNews) - Croatia's Erste&Steiermaerkische Bank d.d., part of Austria's Erste Group, said it plans to offer to investors a new issue of senior preferred bonds with a planned maturity of three years and a denomination of 100,000 euro.
The bank plans to issue bonds in order to meet the minimum requirements for own funds and eligible liabilities, it said in a filing to the Zagreb bourse late on Wednesday.
All relevant details of the bond issuing process and planned listing on the stock exchanges in Zagreb and Vienna will be communicated in a timely manner to the public and the investors, Erste&Steiermaerkische said.
The lender has two fixed-rate corporate bonds listed on the Zagreb Stock Exchange – a five-year bond [ZSE:3RIB4] maturing in November this year with a nominal value of 1.0 million kuna ($143,000/133,000), and another one, [ZSE:3RIB5], issued in 2021 and maturing in February 2026 with a nominal value of 100,000 euro.
($ = 0.929 euro)
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