Serbia considering issuing yuan-denominated securities

Serbia is considering issuing financial instruments denominated in the Chinese yuan for the financing of the public debt, stated Serbian Finance Minister Sinisa Mali, as reported by Indikator.ba.

The government is considering issuing green bonds in the local or international market in 2021 and yuan-denominated securities in the upcoming years, Mali said.

In turn, Serbia's bonds denominated in the local currency could be included in the J.P. Morgan Government Bond Index – Emerging Markets (GBI-EM) within two months of being included on the monitoring list, Mali said.

Back in 2017, then finance minister Dusan Vujovic said that Serbia could finance its public debts at low prices through yuan-denominated financial instruments.

Ministarstvo finansija Republike Srbije

Serbian bonds

public debt of Serbia

yuan denominated financial instruments

Sinisa Mali

green bond

yuan

financing of public debt