Government of Serbia to take loan of 25m USD from Eurobank EFG for financing Nuclear Facilities Management Project

Republic of Serbia will be granted the loan of 25m USD by Eurobank EFG Belgrade for implementation of the Nuclear Facilities Management Project in the Republic of Serbia.

The enforcement decree of the Law on the Republic of Serbia's Debt to Eurobank EFG Belgrade, which was put in effect by the National Parliament of the Republic of Serbia on December 21st, 2009, was published in the Official Bulletin of the Republic of Serbia no. 107/2009 of December 23rd, 2009.

The interest rate will be equal to the sum of three-month interest rate for the debt in USD (LIBOR) and the fixed interest margin of 4.75%, while the costs of processing and approval of the loan will amount to 1% of the loan, the loan repayment period will be 60 months, including the grace period of 12 months, counting from the day the first tranche of the loan is paid, and Serbia withholds the right to premature repayment of the loan without paying the fee to the lender.