The National Bank of Serbia (NBS) announced that Serbia today issued a twelve-year (12G) Eurobond in euros in the amount of one billion euros on the international financial market, at a coupon rate of 1.65 percent and a yield rate of 1,920 percent.
The statement said it was the longest-term bond Serbia had ever issued on the international market, and that the exceptional interest of international investors was another confirmation of their confidence in the long-term sustainability of good economic performance and preserving Serbia’s macroeconomic stability.
During today’s auction, the demand of investors was 3.5 times higher than the realization.
NBS Governor Jorgovanka Tabakovic said that the interest of international investors in investing in Serbian securities for a period of 12 years confirms that Serbia has shown “skills and knowledge to preserve stability and a balanced investment environment” even in a very turbulent crisis period.
“Successfully built and preserved macroeconomic stability in previous years has resulted in investor confidence in the continuity of good economic policies, even in a period of great challenges for the global economy,” the governor added, Novi Magazin reports.
