Government reaches decision on issuing long-term government bonds on international financial market
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The Government of Serbia has reached the decision on issuing long-term government bonds on the international financial market, through which the most favorable financial means for the exchange of the more expensive debt which is due in 2020 will be procured.
– With the issuing of bonds on the international capital market, Serbia is becoming visible and recognizable to foreign investors, and through this way of financing it reduces the risk and the costs of borrowing in the upcoming time period – the government says on its website.
This decision enables the issuing of long-term government bonds on the international financial market in line with the best European practice.
The Government of Serbia has also adopted the decision on the early buyout of long-term government bonds on the international financial markets, denominated in American dollars previously issued on the international market.
The decision aims to improve public finance, reduce foreign exchange risk exposure and enable the further repayment of the more expensive debts of the Republic of Serbia.