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Croatia sells state bonds worth 1.66 bln USD

Xinhua, March 5, 2015 Adjust font size:

Croatia on Wednesday issued 1.5 billion euros (1.66 billion U.S. dollars) worth of 10-year benchmark bond on the international market.

Demand for the bond reached 6.5 billion euros (7.19 billion U.S. dollars), according to local media.

Croatia last issued government bonds in the international market in May 2014, when it sold bonds (with final maturity in 2022) worth 1.25 billion euros (1.38 billion U.S. dollars), with an interest rate of 4 percent.

Three agencies, Moody's, Standard & Poor's and Fitch, have all given Croatia's rating a non-investment grade recently. Endit