The state of Serbia will issue next year bonds worth a total of 2.4 billion euros to finance the budget deficit and refinance overdue public debt obligations.
The Government of Serbia has made seven decisions on the issue of securities in different amounts in dinars and euros, which were published in the last Official Gazette.
The value of the first issue is 100 billion dinars, the bonds will be issued on January 28, 2020 and the due date is July 30, 2025.
According to another decision, on January 29 next year, these securities worth 150 million euros will be issued, maturing on January 31, 2040. Another 100 million euros issue will be released on February 12, 2020, with a due date of February 14, 2022. Bonds worth 100 billion dinars will be issued on February 18, 2020, with a maturity date of August 20, 2032.
The government will issue securities again on February 26 next year, again in the amount of 100 million euros, with a maturity date of February 28, 2032.
Long-term government securities, also in the amount of 100 million euros, will be issued on March 28, 2020, with a maturity date of March 20, 2025. The last issue is worth 30 billion dinars, it will be broadcasted on April 1, 2020 and the due date is April 3, 2023.
The total value of all these issues is 450 million euros and 230 billion dinars. Expressed in euros, they are 2.4 billion.
As of October 31, 2019, the general government debt stood at 24.3 billion euros, of which the central government’s public debt amounted to almost 24 billion euros, and the local government’s non-guaranteed debt amounted to 397.6 million euros, according to data from the Public Debt Administration.
Since the beginning of the year, Serbia’s public debt has increased by more than 964 million euros, and just under half of that amount has been generated by net borrowing on the domestic financial market, i.e. bond issuance.
