Serbia to release dinar and euro savings bonds

26 Nov, 2017

Serbia will issue its first savings bonds, the Serbian debt agency announced on Thursday, in an effort to bolster the country's domestic debt market. The tax-free savings bonds will be issued in both dinars and euros, the preferred foreign currency, and will mature in two to 10 years, the agency said in a statement on its Web site. A total of 12 billion dinars and 80 million euros worth of bonds will be issued. The dinar bonds are set to yield from 4 to 6.25 percent, the euro bonds from 1 to 4 percent.
A single investor will be allowed to purchase, per issue, up to 5,000 dinar-denominated bonds with a total value of 10 million dinars and up to 500 euro-denominated savings bonds worth a total of 50,000 euros. They will be available for purchase at the state-owned Postanska Stedionica bank between November 20 and December 1.

Read Comments