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Zagreb Bond 2023

Sector: Waste Processing and Treatment • Location: Croatia

Source: International Finance Corporation (IFC)

Project
Active

On 6 July 2023, IFC submitted an offer to subscribe for EUR 72.5 million, equivalent to US$ 78.7 million, as an anchor investor, into a EUR 305 million, 5-year sustainability-linked bond (SLB), issued by Zagrebacki Holding d.o.o. (“ZGH”, or the “Issuer”). The issuer has accepted the offer and has allocated the bonds to IFC. The bond issue date is 11 July 2023. The Issuer is a municipal utility hol

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The project “Zagreb Bond 2023” is an infrastructure initiative in the Waste Processing and Treatment sector, located in Croatia. Taiyo aggregates data on it from International Finance Corporation (IFC).

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Participants

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active

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Description

Description

On 6 July 2023, IFC submitted an offer to subscribe for EUR 72.5 million, equivalent to US$ 78.7 million, as an anchor investor, into a EUR 305 million, 5-year sustainability-linked bond (SLB), issued by Zagrebacki Holding d.o.o. (“ZGH”, or the “Issuer”). The issuer has accepted the offer and has allocated the bonds to IFC. The bond issue date is 11 July 2023. The Issuer is a municipal utility holding company, 100% owned by the City of Zagreb, whose subsidiaries provide essential municipal services such as waste disposal and treatment, water supply, and gas distribution. The Bond proceeds will be used to refinance an existing 7-year bond with a bullet maturity date of 15 July 2023.

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Source

Source reliability

High

Data quality score

100%

Source

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URL

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More Details

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