Macedonia issued a seven-year eurobond worth 450 million euros at a yield of 5.625 percent to finance budget needs this year and next, the finance ministry said late on Tuesday, shrugging off protests by the opposition. The joint lead managers on the issue were Citigroup, Deutsche Bank, Erste Group and Societe Generale.
In a statement, the ministry said that the eurobond represents "exceptional favourable conditions having in mind the complicated political situation in the country."
"The assets ... will be used for 2016 and 2017 budget needs, and for paying some due debts," it said.
Macedonia has been in crisis since last February, when the opposition accused former Prime Minister Nikola Gruevski and his counter-intelligence chief of wiretapping more than 20,000 people.
The crisis was worsened by President Gjorge Ivanov's decision this year to pardon 56 officials investigated over the scandal, which led to street protests and the cancellation of an election set for June 5.