Serbian Government Wins in Lower Yield World

Posted on 11/07/2019

Serbia’s Ministry of Finance issued a 10-year 550 million EUR bond which has an interest rate of 1.25%. The Serbian government is keen on replacing older expensive government loans with cheaper new loans. The bond proceeds are partially being paid to government bonds with an interest rate of 4.9% that matures in February 2020.

In June 2019, the Serbian government sold a US$ 1 billion euro-denominated sovereign bond to pay off additional U.S. dollar-denominated government debt.