Serbia plans to take on new debt amounting to 120 billion dinars, approximately 1.02 billion euros. These are long-term dinar-denominated securities that will be issued on January 23, 2025. The Serbian government has made the decision to issue long-term government bonds in the amount of 120 billion dinars.
The government’s decision states that the issuance of these bonds is aimed at financing the budget deficit, refinancing maturing public debt obligations, and funding investment and program projects that have a positive environmental impact.
The total value of the issuance is 120 billion dinars, or around 1.02 billion euros.
Each bond will have a nominal value of 10,000 dinars, and the issuance date is set for January 23, 2025.
The bonds will mature on July 27, 2035. The coupon rate is set at 5.250% annually.
The bonds are registered in the name of the holder, and the sale price will be determined in the form of coupon bonds with semi-annual coupon payments.
The decision also notes that the government bonds may be repurchased before their maturity date, should the finance minister or a designated representative decide to do so.
