The Ministry of Finance has issued a public call for expressions of interest for consultants to prepare and execute the issuance of corporate bonds in Serbia, as reported by the eKapija portal.
The Ministry made this call as part of a project aimed at promoting long-term financing through the development of the capital market, which has been agreed upon with the World Bank (WB).
Serbia has been granted a WB loan for the corporate bond project in the amount of 27.7 million euros (30 million dollars).
To stimulate the growth of the capital market, the Government of Serbia has adopted a Strategy for the Development of the Capital Market for the period from 2021 to 2026, following an action plan aimed at promoting the development of this bond market.
This loan will assist the Government in implementing its Capital Market Development Strategy by “strengthening relevant capital market institutions and encouraging legal entities to issue bonds, including green and thematic bonds,” according to the WB.
