Minister of Finance Sinisa Mali said today that our country has sold euro-denominated government bonds for a 20-year term, at a yield rate of three percent and successfully completed the entire issue of €150 million.
Q:
A:
Investors show great interest in Serbia’s bonds
Belgrade,
29 January 2020
Mali pointed out that this is the best confirmation of the fact that the financial system is secure, stable and strong, and that it is finally on healthy feet.
The Minister specified that Serbia issued a euro-denominated bond with a coupon rate of 3.5% and successfully completed the entire issue.
According to Mali, the 20-year government bond extended the maturity of government securities denominated in euros, which have been issued with a maximum maturity of fifteen years.
The total demand amounted to €191,457,000, which further confirms the attractiveness of government bonds and investor confidence in our economy, Mali emphasized.
He explained that sovereign bonds are due on 31 January 2040, and that coupon payments will be made annually on 31 January by the due date.
The interest, he stressed, was so great that there were offers for below 3% interest on 20-year bonds.
Author:
Tanjug
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