Serbia to redeem eurobonds in international market

A call for early redemption of two series of Serbian eurobonds issued in the international financial market has been published on Bloomberg, the Serbian Ministry of Finance said on its official website.

11 Jun 2019 12:55

BELGRADE - A call for early redemption of two series of Serbian eurobonds issued in the international financial market has been published on Bloomberg, the Serbian Ministry of Finance said on its official website.

The first, 1.5 bln dollar series of eurobonds will mature on February 25, 2020 and carries an annual coupon of 4.875 pct, while the second, 2.0 bln dollar series has a September 28, 2021 maturity date and carries an annual coupon of 7.25 pct.

The offer applies to eurobond purchases worth up to 1.1 bln dollars for both series.

The Ministry said the Serbian government was aiming to redeem the eurobonds early in order to take advantage of the present conditions in the international financial market for refinancing more expensive seven- and ten-year dollar-denominated eurobonds and to partly refinance the debt securities by issuing new euro-denominated bonds at a historically low interest rate.


Photo: screenshot/Serbian Ministry of Finance

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