Serbia raises €550mn from 10-year Eurobond issue, to be listed on London Stock Exchange

By bne IntelliNews November 6, 2019

Serbia has raised €550mn from a reopening of a ten-year Eurobond issue, which will be listed on the London Stock Exchange (LSE), the finance ministry said in a statement.

Serbia has been considering to issue a Eurobond in order to raise funds for a planned new large investment cycle.

The securities were added to a €1.0bn Eurobond that was first auctioned in June. On November 5, they were sold at an average yield of 1.25%, down from 1.619% in June.

"After issuing a €1bn Eurobond in June this year when investor interest was also significantly higher than the offer, we decided to once again take advantage of the very favourable conditions on the international market and expand the volume of the issue by an additional €550mn," Finance Minister Sinisa Mali said in the statement.

Demand reached €1.7bn, three times more than the offer.

Related Articles

Romania raises $3.3bn in US dollar-denominated Eurobonds

Romania's finance ministry tapped the international markets on July 7, selling $3.3bn worth of Eurobonds denominated in US dollars with maturities of 10 and 30 years. Romania previously issued ... more

Slovenian SID Bank’s €350mn “coronabonds” issue oversubscribed

Slovenia’s SID Bank successfully issued COVID-19 bonds worth €350mn on international capital markets, the bank announced on July 2.  The state-owned bank will use the funds raised to help ... more

Social media storm as Turkey’s VakifBank appoints ex-wrestling star and Erdogan adviser to board

A social media storm blew up in Turkey after the country’s fourth-largest lender, VakifBank, appointed to its board a former Olympic wrestling star who serves as an adviser to President Recep ... more

Dismiss