Croatia pins hopes on World Bank partial guarantee

A ratings uplift and a better profile for Croatia’s SOE debt could be brought closer with a helping hand from the World Bank

Croatia is hoping to get a partial guarantee from the World Bank for a bond transaction that will help it reprofile the debt of some of its state-owned enterprises and meet targets necessary to achieve its goal of joining the euro, several people familiar with the matter have told Euromoney.

The deal would be only the second to feature a partial guarantee from the World Bank, which was debuted in October when Ghana issued a $1 billion international bond due in 2030.

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