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Serbia issues two billion worth of bonds

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The Republic of Serbia sold €2 billion of seven-year debt at 3.375%. In a press release, it is noted that “more than 300 foreign investors” were involved with the demand of almost €7 billion.

Serbia’s Fiscal Council warned on 6 April that the country would need €6.5 billion to meet COVID-19 pandemic-related expenditure.

The Finance Ministry said that Serbia has sold €2 billion which are being listed on the London Stock Exchange with a due date of 2027. A press release said that Serbia is the only country in Europe to have ventured out onto the international capital market during the COVID-19 pandemic without the assistance of the European Central Bank in placing the bonds.

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