Serbian Finance Minister Sinisa Mali took part in the round table about the development of the capital market in Serbia, together with international partners from the World Bank, the European Bank for Reconstruction and Development (EBRD), the United States Agency for International Development (USAID) and the United Nations Development Program (UNDP).
Mali said that a capital market development strategy was being prepared with the support of international institutions and that a draft should be adopted by June 2020, it is reported on the ministry’s website.
He pointed out that Serbia’s aim was to reach a growth of 7% and reminded that systemic laws had been adopted with the goal of improving the capital market.
Mali also said that, on February 18, 2020, twelve-year dinar-denominated bonds of the Republic of Serbia had been offered to investors for the first time. He added that the demand had been 10 times higher than the offer and that an all-time low yield rate of only 3.4% had been realized. Bonds worth a total of RSD 19.3 billion were sold.
According to him, foreign professional investors were the most interested in Serbia’s bonds.
