Croatia opens books for two new domestic bonds

Credit: REUTERS/Nikola Solic

Croatia opened books for two new domestic bonds, an arranger said on Thursday.

Adds expected yields

ZAGREB, Nov 21 (Reuters) - Croatia opened books for two new domestic bonds, an arranger said on Thursday.

The Finance Ministry is tapping the local market with a five-year bond denominated in the national kuna currency and with a 15-year bond indexed to the euro. It aims to refinance a 15-year bond worth 1.0 billion euros ($1.11 billion) maturing on Nov. 29.

The pricing of the new issues is expected later on Thursday. The combined targeted amount is some 10 billion kuna ($1.49 billion), the arranger said.

The yield target for the five-year bond is set at between 0.41% and 0.44%, while for the 15-year bond the yield is seen at between 1.2% and 1.35%.

The issues are jointly arranged by four leading local banks.

($1 = 6.7116 kuna)

($1 = 0.9027 euros)

(Reporting by Igor Ilic; Editing by Alison Williams)

((igor.ilic@thomsonreuters.com; +385 1 4899 970; mobile +385 98 334 053;))

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