One of the leading financial institutions in the world, J.P. Morgan has announced its decision to include Serbia’s dinar-denominated bonds in its renowned GBI-EM family of indices as of 30 June 2021, the National Bank of Serbia (NBS) announces.
– Serbia’s dinar bonds will be included in the GBI-EM Global Diversified index, which is one of the most frequently watched indices by international investors, i.e. one of the benchmark indices of bonds issued in local currencies of emerging economies. These bonds will also be included in GBI-Aggregate (GBI-AGG) and GBI-AGG Diversified indices, which cover government bonds in domestic currencies of both advanced and emerging economies – the press release says.
The above indices will include three benchmark issues of dinar bonds, with original maturity of 7, 10 and 12.5 years, maturing in 2026, 2028 and 2032.
– Today’s announcement is a strong signal to international investors that Serbia has reached the level of reputable developing countries. This will have multiple positive effects on the domestic financial market and enable even more favorable financing conditions for the government and local companies. We expect to see further diversification of the already broad base of investors in Serbian securities, as the inclusion of dinar bonds in the said index significantly improves the attractiveness of our country as an investment destination – stressed Governor Tabaković.
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