The Republic of Croatia announces that it intends to issue bonds and offer them to investors through a public offering. Bonds have a nominal target value of EUR 1bn with a fixed annual interest rate of at least 3.25% with annual interest payments and a one-time principal repayment, due in 2025. The minimal payment amounts to EUR 500.

The Republic of Croatia announces that it intends to issue bonds and offer them to investors through a public offering. Bonds have a nominal target value of EUR 1bn with a fixed annual interest rate of at least 3.25% with annual interest payments and a one-time principal repayment, due in 2025.

The bonds will be offered in two rounds with the first one being available to the „retail“. The payment deadline is set for 2 March 2023 for the mentioned first round of offerings.

The minimal payment amounts to EUR 500 and they can be bought by any person of legal age who is a citizen of the Republic of Croatia, foreign citizens who are residents of the Republic of Croatia, or an institutional investor. Also, no upper limit was set. Further, citizens will be able to buy the mentioned bond in banks, while any further transaction on the secondary market will be made via brokers.

The ISIN of the bond is HRRHMFO253B1, while its ticker is: RHMF-O-253B.

Croatian Yield Curve

Source: Bloomberg