May 28 (SeeNews) - Croatia's finance ministry is planning to issue a Eurobond next month, local media reported.
The volume of the issue has not been defined yet, news daily Poslovni Dnevnik reported late on Wednesday.
The finance ministry has hired Deutsche Bank, JP Morgan, Barclays and Intesa/PBZ as agents on the planned issue, Poslovni added.
In April, finance minister Zdravko Maric said that Croatia will need some 65-70 billion kuna ($9.4-10.1 billion/8.6-9.2 billion euro) in the next three months to cover the cost of the government's anti-coronavirus economic stimulus measures.
The government's focus back then was mainly on the domestic market, but it was working in parallel on tapping international markets, Maric has said.
Also in April, the government gave the green light to the finance ministry to make an additional borrowing of up to 24 billion kuna above the 26.9 billion kuna debt ceiling set in the 2020 budget bill in order to tackle the coronavirus crisis.
(1 euro = 7.58716 kuna)