Serbia's finance ministry said it sold out a RSD 5.3bn (EUR 50.7mn) issue of 18-month Treasury notes on January 17. The ministry sold 530,399 securities at an annual discount interest rate of 12.79%, the ministry's Treasury department said in a statement. The securities mature on April 4, 2013. The ministry sold RSD 1.45bn worth of 18-mo T-notes at an annual discount rate of 13.3% in its previous auction held on December 6. The sold securities in the two auctions are part of a bigger 18-mo T-notes issue, which was initially offered to investors on October 4, 2011. The ministry has said it plans to sell debt paper worth a nominal RSD 34.3bn in January after targeting to place short-term securities worth a total of RSD 10.8bn in nominal terms in December. |
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
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
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