Serbia could sell Eurobond on foreign markets at 6%-7% yield.

By bne IntelliNews May 31, 2012
Serbia could place Eurobonds on the international market at an annual yield of 6% to 7% under the condition that the current state of its public finances does not deteriorate additionally, Malisa Djukic, an associate at the Belgrade Banking Academy, was quoted as saying by news agency Beta. Djukic told reporters that investors, in particular foreign investment funds, decide on the yield they are ready to accept, considering their risk perception. In March, the state secretary at the finance ministry, Goran Radosavljevic, said that Serbia plans to issue Eurobonds of up to ten years maturity in September at the latest. He added that Serbia already held talks with investors and some of them showed readiness to buy securities at an yield of between 6.6% and 7.5%. The country sold its debut USD 1bn Eurobond in September 2011. The 10-year securities were sold with a 7.25% coupon. Also in March, S&P affirmed its long- and short-term foreign and local currency credit ratings on Serbia at 'BB/B', saying that although the risks from the eurozone economic pressures magnify, the country's recently confirmed EU candidacy will encourage new foreign investment and toughen government's commitment to reform. The ratings' outlook is stable. Serbia was granted an EU candidacy status on March 1.
Read in IntelliNews Pro
Get IntelliNews Pro

Related Articles

Serbia's external debt up 4.7% y/y to EUR 25.4bn at end-Feb 2013.

Serbia's foreign debt rose an annual 4.7% y/y to EUR 25.4bn at end-February after climbing 6.6% on the year in January, central bank data showed. In monthly terms, however, the external ... more

Vip Mobile Serbia signs five-year managed services deal with Ericsson.

Swedish company Ericsson said it has signed a five-year managed services contract with Vip Mobile - the Serbian arm of Telekom Austria Group. The agreement includes field maintenance services for ... more

Telenor and Societe General possible buyers of Serbia's KBC Banka - report.

Norwegian telecommunications firm Telenor and France's Societe General are seen as possible buyers of the Serbian unit of Belgium's KBC Group, which has been on sale for several years now, a ... more

Follow Us On

Most Read

  1. Ukraine's birth rate plummets to 300-year low as country’s population collapses
    7 days ago
  2. EU finally boosts defence investment into arms production as Ukraine runs out of ammo
    1 month ago
  3. Fresh evidence suggests that the April 2022 Istanbul peace deal to end the war in Ukraine was stillborn
    7 days ago
  4. Don't mention the "D" word - Ukraine
    4 days ago
  5. UBN: The US Needs to Wake Up
    5 days ago
  1. Russia could pay off its entire external debt tomorrow, in cash
    25 days ago
  2. Speculation swirls of “Men in Blue” in Crocus City Hall terrorist attack linked to FSB
    29 days ago
  3. Albanians campaign on social media to keep bus bridge created in freak accident
    1 year ago
  4. BRICS announce a blockchain-based payment system to create a common currency
    27 days ago
  5. Saudi Arabia to scale back plans for Neom city
    14 days ago

Reports

Dismiss