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Banking

Power utility HEP to issue EUR 68mn bonds.

Power utility HEP to issue EUR 68mn bonds. The state-owned power utility HEP is set to issue HRK 500mn (EUR 68mn) 7-year bonds after it got the approval of the financial regulator HANFA yesterday. The decision to issue bonds was approved by the management of the company on May 10 and by its Supervisory Board on Jun 12 this year. The papers will have nominal value of HRK 1 and will be listed on the Zagreb Stock Exchange. The subscription will last for 5 days. The joint arrangers of the issue are Privredna banka Zagreb , Raiffeisenbank Austria and Zagrebacka banka, while Societe Generale - Splitska banka is a co-arranger.

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