Mali: Ties with Euroclear Bank to bring more investors

Serbian Finance Minister Sinisa Mali on Tuesday met with representatives of the Euroclear Bank, one of the largest clearing organisations in global securities trading.

19 Novembar 2019 18:30

BELGRADE - Serbian Finance Minister Sinisa Mali on Tuesday met with representatives of the Euroclear Bank, one of the largest clearing organisations in global securities trading.


He expressed a desire for establishing better ties with the organisation in order to improve Serbia's position on the global market and enable it to boost investor confidence, attract more investors and develop its capital market further.


"Serbia has recently made a major jump on the international market by issuing its own bonds. The last time we did that was in 2013 and, this year alone, we had two successful bond issuances. About ten days ago, we sold 550 mln euros at a rate of return of 1.25 pct. That is the lowest-ever rate of return on bonds of the Republic of Serbia issued on the international financial market and, on the other hand, it is a proof of confidence and of a significant decline of risks in the country," Mali said.


Photo: Tanjug video


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