A credit success story

Hrvoje Radovanic, assistant finance minister and head of funding for the Republic of Croatia, talks to Guy Norton about the country’s borrowing plans for this year and discusses the key drivers behind the strong performance of Croatian debt in recent years.

What is Croatia’s financing target for 2003 and how close are you to achieving it?

On the international bond issuance front, the ministry of finance has already successfully raised the bulk of its roughly e750 million funding needs for this year with the launch of a e500 million seven-year issue in February.

With regard to the rest of the year we are looking to launch a ¥25 billion ($210 million) samurai bond in Japan in the third or fourth quarter which will complete our planned international bond issuance programme for 2003.

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