As soon as Telekom issued corporate bonds, the Central Bank bought half of the issue from the banks that bought them. The National Bank of Serbia thus spent around 100 million euros on Telecom’s securities, Danas has learned.
The National Bank of Serbia reported that Telekom Serbia issued corporate bonds worth 200 million euros at the end of last week, which are the first bonds our company has issued since corporate bonds were included in the package to help the economy in the fight against the crisis, which was caused by a coronavirus.
In that announcement, the NBS stated that the bonds are five-year, in dinars, with an interest rate of 3.97 percent. The statement states that the buyers of the bonds are “reputable financial institutions in Serbia that have continuous insight into the company’s operations.” As “Danas” finds out and writes, four commercial banks are the buyers of these bonds, and as the paper unofficially finds out, the National Bank has already bought Telecom’s corporate bonds worth about 100 million euros from them.
In May this year, the Central Bank included corporate bonds on the list of securities that can be used in the mounted operations of the National Bank. Thus, it is possible for the NBS to buy bonds from domestic commercial banks, and they will also be able to be used as financial collateral for obtaining loans to maintain the daily liquidity of banks and short-term liquidity loans, Danas reports.
