Serbia secures enough funds to finance foreign currency liabilities.

By bne IntelliNews June 27, 2012
Serbia has secured enough funds to finance its foreign currency liabilities in the next three months thanks to the sale of euro-denominated government securities, the finance ministry's treasury department said as quoted by news agency Beta. Earlier this week the treasury sold 18-month euro-denominated notes worth EUR 99.11mn at an annual interest of 6.3% after offering for sale a total of EUR 100mn. The treasury will also offer two-year euro-denominated securities worth EUR 60mn at an annual interest of 5.57% on July 24, the report said.

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