Stara Pazova is selling municipal bonds May 4-19

Source: eKapija Wednesday, 29.04.2015. 12:27
The Stara Pazova municipality, with the support of the Standing Conference of Towns and Municipalities (SCTM), is officially starting public emission of municipal bonds which will be implemented under the sponsorship of UniCredit bank, it was communicated at yesterday’s conference in Belgrade and published at the website of SCTM.

Public offer enables to all interested investors, local and foreign legal and physical entities, to become buyers of municipal bonds. It is a placement of 12.500 bonds with individual value of RSD 10.000, i.e. total value of RSD 125 m and with an annual interest rate of 6%. With this emission, Stara Pazova will provide funds for the construction of sports hall with a bowling area in Golubinci and construction of kindergarten in Belegis.

He said that the emissions of bonds would not be possible without the support of the EU Delegation in Serbia with which SCTM has been cooperating for years and estimated that neither SCTM nor municipalities could step into this activity without the support through the Exchange program.

It is important that other local self-governances understand that there is a way to collect new funds for capital projects, Stanicic said.

Sale, i.e. period of registration and payment of municipal bonds is starting May 4 and will last until May 19.

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