Quick Facts

Countries:
Where the impacts of the investment may be experienced.
  • Croatia
Banks:
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
  • European Bank for Reconstruction and Development (EBRD)
Status: Approved
Bank Risk Rating: B
Risk rating varies among banks and may refer only to the particular investment and not to the risk for the project as a whole. Projects marked 'U' have an 'Unknown' risk rating at the time of disclosure.
Board Decision Date: 2016-06-22
The estimate day the bank will vote on a proposed investment. The decision dates may change, so review updated project documents or contact the EWS team.
Borrower or Client: ZAGREB HOLDING
The holder of the loan, grant, or other investment.
Sectors:
The service or industry focus of the investment. A project can have several sectors.
  • Finance
Investment Amount (USD): $ 61.30 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.

Currency conversion note:
Bank reported EUR 55,958,374.00
Converted using 2016-06-22 exchange rate.
Project Cost (USD): $ 323.00 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please see updated project documentation for more information.

Currency conversion note:
Bank reported EUR 295,958,374.00
Converted using 2016-06-22 exchange rate.

Share This Page

 

Contact Us

Do you have more information on
this project, or want to get involved?
Contact EWS

Primary Source

Original disclosure @ EBRD website
Updated in EWS: 2017-05-08
Disclosure Date: 2016-07-21
Zagreb Holding Bond Issuance
EBRD-48519

Project Description
The EBRD participated in HRK 1.8 billion, 7-year, local bond issue of Zagreb Holding with the total amount of HRK 44.6 million invested. The bond issuance was supported with unconditional guarantee from the City of Zagreb . The proceeds of the bond issuance will be used to refinance the City's existing EUR 300 million Euro-bonds.
Investment Description
ZAGREB HOLDING is a municipal holding company, incorporated in Croatia and fully owned by Croatia's capital City. Holding provides water services, public transport, parking, solid waste collection and disposal, gas supply and other communal services to the citizens of Zagreb through a network of branches and subsidiaries (currently there are 15 branches and 9 subsidiaries). Currently it has a staff of roughly 10,500 employees.
Contact Information
Ana Stojic Deban, President of the Management Board Ana.StojicDeban@zgh.hr +385 1 6420 000 www.zgh.hr Zagrebacki holding d.o.o. Ulica grada Vukovara 41 10 000 Zagreb, Croatia ACCOUNTABILITY MECHANISM OF EBRD The Project Complaint Mechanism (PCM) is the independent complaint mechanism and fact-finding body for people who have been or are likely to be adversely affected by an European Bank for Reconstruction and Development (EBRD)-financed project. If you submit a complaint to the PCM, it may assess compliance with EBRD's own policies and procedures to prevent harm to the environment or communities or it may assist you in resolving the problem that led to the complaint through a dialogue with those implementing the project. Additionally, the PCM has the authority to recommend a project be suspended in the event that harm is imminent. You can contact the PCM at pcm@ebrd.com or you can submit a complaint online using an online form, http://www.ebrd.com/eform/pcm/complaint_form?language=en. You can learn more about the PCM and how to file a complaint at http://www.ebrd.com/work-with-us/project-finance/project-complaint-mechanism.html.