Croatia's Pliva will ask 5¾% bondholders to OK early redemption

By Angela McDaniels

Tacoma, Wash., April 7 - Pliva dd plans to ask holders of its €75 million 5¾% bonds due 2011 to approve an amendment that would allow the company to call the bonds on April 30.

Upon redemption of the bonds, Pliva would pay 100.5 plus accrued interest, according to a company news release.

The bonds priced at 99.744 in May 2004. Zagrebaeka banka dd is the trustee.

Pliva is based in Zagreb, Croatia, and is the European headquarters for Barr Pharmaceuticals, Inc., a specialty pharmaceutical company.

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