Although the agency Fitch collapsed its rating to the status “rubbish“, Croatia could soon issue dollar bonds to uste the good mood of the investors prompted by the US FED.
Croatia is facing two billion euros debt maturing in April next year, and the government hopes that the country could benefit after the decision of the US FED on encouraging purchases of bonds.
Croati a is expected to issue bound in the amount of one to 1.5 billion dollars to the end of the year.
Since a large debt rate matures in April, maybe it could wait to early next year but it is possible that market could not be so generous as it is now-according to economists.
Borrowing cost for the ten-year bonds which at the beginning of the month fell below six percent , increased again.However given the disastrous economic situation inCroatia , some economist believe that now is a good time for new eurobonds.The government can not come empty-handed in front of investors ,it has to demonstrate clearly commitment to fiscal reform, guidelines .