Finance ministry issues bonds on domestic market worth HRK5 billion

The Finance Ministry on Friday issued two bonds on the domestic capital market worth a total of five billion kuna - a four-year bond amounting to two billion kuna and a ten-year bond amounting to EUR400 million.

The ministry issued the four-year bond tied to the national currency with the interest rate of 5.75 percent per year and the ten-year bond tied to the euro currency with the interest rate of 6.5 percent.

By issuing these bonds on the domestic market we have wrapped up the major part of financial transactions for this year, covered our financial obligations as well as the deficit projected in the state budget, Finance Minister Slavko Linic told the press.

The procedure of issuing the bonds ended yesterday and the bonds will be paid on Monday, July 23.  (Hina)