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Agrokor’s Unit in Croatia to Guarantee 475 Million-Euro of Bonds

Konzum d.d., a retail unit of Croatia’s biggest private company Agrokor d.d., said it will provide guarantees for seven-year bonds worth the equivalent of at least 475 million euros ($614 million).

The bonds, planned by Agrokor, will be denominated in euros or U.S. dollars, or in a combination of both currencies, Konzum said in a statement to the Zagreb stock exchange. Konzum is the biggest unit among other Agrokor subsidiaries, which will also provide guarantees for the bond sale.

Agrokor in April issued a 300-million euro bond, also guaranteed by Konzum.

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