Serbia to Incur Another EUR 340 Million of Debt

Serbia has decided to issue long-term government bonds worth a total of EUR 340 million, Nova Ekonomija announced. As said, the bonds were sold through direct negotiation with a qualified investor.

The reason for incurring a new debt is financing the budget deficit, refinancing the outstanding debts based on the public debt and financing the current liquidity and procuring financial property, say the government’s decisions, Nova Ekonomija writes.

The bonds will be issued on August 23, 2022, and they are divided into two issues.

The first group of bonds, worth a total of EUR 250 million, is due in August 2025, whereas the second group, worth EUR 90 million, is due in August 2026.

The long-term government bonds will be registered at the German bank Deutsche Bank Aktiengesellschaft, which will also do the clearing and balancing.

This June, Serbia adopted the new Decree on the general conditions for the issue and sale of government bonds in the primary market, which enabled the government to sell bonds through direct negotiation with a qualified investor.

The bonds that will be issued next week were sold this way, Nova Ekonomija reports.

Vlada Republike Srbije

Deutsche Bank AG - Repräsentanz Belgrad

Deutsche Bank Aktiengesellschaft

sale of bonds

sale of long term bonds

Decree on the general conditions for the issue and sale of government bonds