Zagreb infrastructure bond finds buyers in tricky market

The Croatian capital’s strategic holding met with robust demand for its first international bond issue. It had to do without the support of the EBRD.

Croatian municipal service provider Zagrebacki Holding priced €300 million of 10-year bonds on the international capital markets in early July, in order to provide funds for future investment in the capital city’s water supply and public transport networks.

Although there had been a possibility that some of the debt would be denominated in the local currency (see GWI, April ...

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