New Issue: Croatia sells €1.28 billion 2¾% notes due January 2030 to yield 2.95%

By Rebecca Melvin

New York, Nov. 17 – Croatia priced €1,275,000,000 of 2¾% notes due Jan. 27, 2030 (expected ratings: Ba2/BB/BB) at 97.943 to yield 2.95%, or mid-swaps plus 190 basis points, according to a market source.

Banca IMI, Barclays, JPMorgan and Privredna Banka Zagreb were the bookrunners for the Regulation S deal.

The bonds will be listed on the Luxembourg Stock Exchange.

Issuer:	Croatia
Amount:	€1,275,000,000
Maturity:	Jan. 27, 2030
Description:	Notes
Bookrunners:	Banca IMI, Barclays, JPMorgan and Privredna Banka Zagreb
Coupon:	2¾%
Price:	97.943
Yield:	2.95%
Spread:	Mid-swaps plus 190 bps
Pricing date:	Nov. 16
Settlement date:	Nov. 27
Ratings:	Moody’s: Ba2
	S&P: BB
	Fitch: BB
Distribution:	Regulation S

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