North Macedonia has launched the process of issuing a six-year Eurobond to cover budget gaps for 2020 and 2021, local media reported on May 27.
The government previously said that the maximum amount of the Eurobond will be €800mn.
The maximum interest rate of the new Eurobond is set at 4.5%. The process is expected to be completed on June 3, Faktor.mk reported.
Citigroup, Deutsche Bank, Erste Group and J.P. Morgan have been mandated to arrange the process.
According to Faktor, Finance Minister Nina Angelovska and governor of the central bank Anita Angelovska Bezoska held a video presentation with the interested investors instead of organizing standard road show before the issuance of the Eurobond.
North Macedonia is rated BB- with stable outlook by Standard & Poor's and BB+ with negative outlook by Fitch Ratings.
North Macedonia’s finance ministry expects the budget revenues in 2020 to drop by 20% to 40% from a year earlier, according to its three scenarios drawn up in light of the coronavirus crisis.
The founder of TCS Group Oleg Tinkov that owns Russia’s only purely online bank Tinkoff and the US Internal Revenue Service (IRS) have filed a petition to a court in California to approve an ... more
Kyrgyzstan's State Committee for National Security (SCNS) shut down 500 cryptocurrency mining farms, local news website site 24.kg reported on September 18. The ... more
The Russia-led Eurasian Development Bank (EDB) has won the prestigious international Environmental Finance's 2021 IMPACT Award in the energy category for the Atyrau street ... more