Energoprojekt to Issue Bonds Worth RSD 3.3 Billion Tomorrow

The biggest construction company in Serbia, Energoprojekt Holding, will issue five-year bonds of a nominal value of RSD 3.3 billion (around EUR 28 million) tomorrow, that is, 330,000 bonds of an individual nominal value of RSD 10,000, the brokerage house Momentum announced.

The interest rate is 2.95%, plus a three-month BELIBOR, and the payments are to be made on a quarterly level.

After the issuing of the bonds is registered, Energoprojekt will file a request for their listing at the Belgrade Stock Exchange.

With the issuing of the bonds, the company is looking to secure the money for the optimal management of liquidity, by securing stable and long-term sources of finance denominated in the domestic currency.

In late June, Energoprojekt had a net debt of RSD 4.03 billion, whereas the company’s shares lost around 40% of their value in 2020, Momentum’s brokers remind.

Energoprojekt Holding a.d. Beograd

Momentum Securities a.d. Novi Sad

Beogradska berza a.d. Beograd

Energoprojekt holding

Momentum

Belgrade Stock Exchange

five year bonds

issuing of bonds

securities

BELIBOR

three month BELIBOR