ZAGREB, June 10 (Reuters) - Croatia is set to launch a 11-year international bond worth 2.0 billion euros ($2.28 billion), a source close to the deal said on Wednesday.
Croatia aims to refinance a 10-year international bond worth $1.25 billion that matures on July 14. It also wants to use the proceeds to finance the budget gap set at 6.8% of gross domestic product this year due to a coronavirus pandemic.
“Pricing and allocation is expected later on Wednesday,” the source said. Bids for the bond amounted to some 9.0 billion euros. ($1 = 0.8791 euros) (Reporting by Igor Ilic; Editing by Alison Williams)