By Paul A. Harris
St. Louis, May 11 - Croatian pharmaceutical company Pliva d.d. sold €75 million of 5¾% seven-year bonds at 99.744 on Tuesday to yield 5.795%, according to company spokesperson Ingrid Kukuljan.
The yield represents a spread of 173.8 basis points over the seven-year Euroswap.
Privredna Banka Zagreb, Zagreback Banka and Raiffeisenbank Austria ran the books.
Proceeds will be used for general business purposes.
| Issuer: | Pliva d.d.
|
| Amount: | €75 million
|
| Maturity: | May 12, 2011
|
| Bookrunners: | Privredna Banka Zagreb, Zagreback Banka, Raiffeisenbank Austria
|
| Coupon: | 5¾%
|
| Price: | 99.744
|
| Yield: | 5.795%
|
| Spread: | 173.8 basis points over seven-year Euroswap
|
| Pricing date: | May 11
|
| Settlement date: | May 12
|
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