New York, July 3 – Zagrebacki Holding doo priced a HRK 500 million add on to its of 3 7/8% notes due 2023 at 105.74760274, according to an announcement from the issuer.
Demand for the offering was HRK 996,517,054.
Privredna banka Zagreb dd and Zagrebacka bank were managers for the add-on. They also managed the original issue.
Proceeds from the additional notes will be used to repay at maturity Zagrebacki’s €153.7 million of 5½% notes due July 10, 2017.
Zagrebacki priced the HRK 1.8 billion of existing notes on July 13, 2016, selling them at 97.186 to yield 4.35%.
The notes are guaranteed by the city of Zagreb.
Zagrebacki Holding provides municipal services and financing for infrastructure projects for the city of Zagreb, Croatia.
| Issuer: | Zagrebacki Holding doo
|
| Guarantor: | City of Zagreb
|
| Issue: | Notes
|
| Amount: | HRK 500 million add on, issue size now HRK 2.3 billion
|
| Maturity: | July 15, 2023
|
| Managers: | Privredna banka Zagreb and Zagrebacka banka
|
| Coupon: | 3 7/8%
|
| Price: | 105.74760274 plus accrued interest
|
| Settlement date: | July 3
|
|
|
|
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.
