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German lender Nord/LB to extend €49.9 million loan to Croatia’s Jadroplov

Rijeka, Croatia (PortSEurope) December 3, 2018 – Croatian shipping company Jadroplov d.d. plans to borrow a €49.9 million ($56.6 million) loan from German bank Norddeutsche Landesbank (Nord/LB) to restructure debt.

The loan will be repaid in seven years after the first quarter of 2019 on a quarterly basis and the Peristil, Sveti Dujam, Solin and Bene will be used as a collateral. The Croatian government plans to guarantee €10 million ($11.3 million) of the loan.

Source: Croatian Government

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