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Pliva woos fixed income investors.

Authors :
Davidson, Helen
Source :
Central European; Feb99, Vol. 9 Issue 1, p9-9, 1/3p
Publication Year :
1999

Abstract

This article reports on the decision of Croatian pharmaceuticals firm Pliva to issue a $100 million euro commercial paper program, the first such deal from a central or eastern European corporate. Bank Austria Creditanstalt acted as arranger for the multi-currency facility, which gives Pliva the possibility of drawing down funds within a 12-month period. Westdeutsche Landesbank Girozentrale is handling Deutschmark-denominated issues. Although Pliva is well-known among equity investors after carrying out the first global depositary receipt offering from central Europe in 1996, it is less so among fixed income investors.

Details

Language :
English
ISSN :
09622543
Volume :
9
Issue :
1
Database :
Complementary Index
Journal :
Central European
Publication Type :
Periodical
Accession number :
1632127