Serbian government issuing 1 billion Euro worth of bonds

The Dinar bonds will be issued on January 23 with a total value of 120 billion Dinars or 1.02 billion Euro.

“The Republic of Serbia is issuing long-term state bonds to finance the budget deficit, refinance public debts fallen due and finance investment and program projects which will have a positive effect on the environment,” the government decision says.

The face value of the bonds is 10,000 Dinars with a due date of July 27, 2035 at a coupon rate of 5.250 percent a year. The bonds are issued to named holders with coupon payments made every six months.

The bonds can be reclaimed before the due date if the finance minister or other empowered officials so decide, the decision said.