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A US$250mn 12-year loan for Croatian roads firm Hrvatske Autoceste (HAC) has been oversubscribed. The amount will not be increased and banks’ allocations will be scaled back.
Mizuho, Bank of Tokyo-Mitsubishi and Deutsche Bank are mandated lead arrangers. They were joined by mostly European banks. There is a guarantee by Japan’s JBIC. The loan will support development of infrastructure to boost tourism.