Serbia plans to auction EUR 342mn of debt paper in January 2013.

By bne IntelliNews January 4, 2013
Serbia plans to sell dinar-denominated debt paper worth a nominal RSD 35bn (EUR 312mn) and euro-denominated securities worth EUR 30mn in January 2013, the finance ministry's treasury department said in a statement. The ministry will issue dinar-denominated securities with maturities ranging from three months to five years. It will hold four auctions to sell the planned dinar-denominated debt paper in January. A fifth auction will be held on Jan 23, offering a EUR 30mn issue of euro-denominated three-year T-notes. In December 2012, the Treasury raised its debt sale target to EUR 478mn from initially announced EUR 249mn. It eventually sold RSD 30.4bn of dinar-denominated debt papers, or 80% of the final target, and EUR 107mn of euro-denominated securities, equal to 76.4% of the amount on offer. In 2012, the Treasury sold dinar-denominated securities worth RSD 323bn, or 54% of the target after placing RSD 311bn in 2011 (47% of target) and euro-denominated securities totalling EUR 662mn, or 78% of plan, vs. EUR 553mn in 2011 (65% of plan).

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

Notice: Undefined index: subject_id in /var/www/html/application/controllers/IndexController.php on line 335