The INA oil company on Monday announced a public call for subscription for a five-year bond on the domestic market, in the maximum amount of 2 billion kuna (€266m), with a fixed interest rate paid semi-annually.

The minimum subscription amount is 1 billion kuna (€133m), which is the nominal amount of one bond that is offered for subscription. The bond matures on 6 December 2026 and the principal is paid upon maturity in one go.

Only qualified investors will be able to subscribe and pay for the bonds under the Capital Market Act.

Subscription starts at 9 am on 1 December and ends at 2 pm on the same day.

Return, interest, issue price and the number of bonds will be determined subsequently and published on 6 December.

INA has also undertaken to submit a request to have its bonds listed on the Zagreb Stock Exchange. The issue agents are Erste & Steiermärkische Bank, Privredna Banka Zagreb and Raiffeisenbank Austria.

The net revenue from the issue will be used to finance general corporate needs of INA and INA Group, including but not limited to the financing of current liabilities, potential acquisitions, investments in equipment and units, and in working capital.

(€1 = 7.52 kuna)