The Government of Serbia has announced the issuance of long-term government bonds to finance the budget deficit, refinance existing public debt and support investment and program-related projects. The issuance includes 250 million euros in euro-denominated bonds with an annual interest rate of 5 percent, and 35 billion dinars in local currency bonds carrying a 4.5 percent interest rate.
According to the Official Gazette, the 250 million euro bonds, each with a nominal value of 1,000 euros, will be issued on July 25, 2025, and will mature on July 29, 2037. Coupon payments will be made annually starting in 2026. The dinar-denominated bonds, valued at 10,000 dinars each, will be issued on July 28, 2025, with a five-year maturity ending on July 30, 2030, and annual coupon payments beginning in 2026.
All securities will be issued in dematerialized form, registered with the Central Securities Registry in Belgrade. Ownership transfers will be completed within two working days following the issuance.
If maturity or coupon dates fall on non-working days, payments will be made on the next working day. Any unsold securities by December 31, 2026, will be moved from the issue account to the final issue account of the Republic of Serbia.
Early redemption of the bonds is possible if approved by the Minister of Finance or an authorized official.
As of June 24, 2025, Serbia’s preliminary public debt stands at 4.52 trillion dinars, according to the Public Debt Administration.
