Mali: Serbia to issue euro-denominated 20-year bonds

In a first for the country, Serbia will on Wednesday issue euro-denominated 20-year bonds worth 150 mln euros, Finance Minister Sinisa Mali said Tuesday.

28 Jan 2020 12:42

BELGRADE - In a first for the country, Serbia will on Wednesday issue euro-denominated 20-year bonds worth 150 mln euros, Finance Minister Sinisa Mali said Tuesday.

Speaking in the Serbian parliament, Mali said Serbia had in the past issued bonds maturing in up to 10 and up to 15 years.

"The volume is not large, it is 150 mln euros, but it is important for us because if someone is ready to give you trust for a period of 20 years, it shows how much Serbia has changed, how stable we are and how much confidence investors have in our economy," Mali noted.

In addition to euro-denominated 20-year bonds, Serbia will also issue dinar-denominated 12-year bonds, whose maturity will be longer than ever before when it comes to dinar-denominated bonds, he said.

Photo: Tanjug/D.Kujundzic, file

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