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Published on 6/22/2009 in the Prospect News Emerging Markets Daily.

Croatia Bank for Reconstruction talks €300 million five-year bonds at 8.5% to 8.75%

By Aaron Hochman-Zimmerman

New York, June 22 - Croatia Bank for Reconstruction and Development talked a €300 million offering of five-year bonds (Aa3/BBB/) offer at 8.5% to 8.75%, according to a market source.

Deutsche Bank and RBS will act as bookrunners for the deal.

The books opened on Monday and the deal is expected to price early in the week.

The bank holds an Aa3 rating from Moody's, but only Standard & Poor's will rate the new offering.

The Croatia Bank for Reconstruction and Development is a Zagreb, Croatia-based development lender.


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