ZAGREB, Feb. 5 (Xinhua) -- Croatia has successfully issued a 2-billion-euro (2.08 billion U.S. dollars) Eurobond on the international capital market, the Croatian Ministry of Finance announced on Wednesday.
The Eurobond, set to mature in 2037, carries an annual interest rate of 3.25 percent and a yield of 3.276 percent, the ministry said in a statement.
This issuance marks Croatia's largest placement on the international market for such a long maturity period. The achieved margin over the benchmark interest rate is also the lowest ever recorded for a 12-year bond, according to the statement.
"Despite challenging market conditions, investor interest was exceptional, with more than 300 investors participating," the ministry said.
The funds raised will be used to finance general state budget needs and to repay maturing debt, the statement added.
