Source: Beta | Thursday, 23.04.2015.| 14:49
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Stara Pazova to sell RSD 125 million securities in early May

Stara Pazova municipality is going to issue RSD 125 million worth of bonds in early May and to offer them to both juristic persons and citizens, the Standing Conference of Towns and Municipalities (SCTM) announced Wednesday.
Proceeds of the bond sale will be used to regenerate the city core of Nova Pazova and to build a sports arena with a bowling alley in the Golubinci neighborhood and a kindergarten in the Belegis neighborhood.
This is the second public offering of municipal bonds by Stara Pazova. The first one took place last year, and its value was also RSD 125 million.
Aside from Stara Pazova, municipal bonds have so far also been issued by the City of Novi Sad on two occasions, the City of Pancevo, and the City of Sabac.
Sale of municipal bonds is considered the most favorable method of borrowing money for local self-government because of lower interests and longer maturity terms.
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