Kosovo’s Q3 construction cost index falls y/y
AES Bulgaria's St Nikola wind farm Nov output up 40% y/y
Bulgaria's tourist overnights revenue up 18% y/y in Oct
Bosnia's Rafinerija Ulja Modrica submits EIA request for solar plant
Albania eyes 900 euro avg gross wage by mid-2024 - fin min
Nov 07, 2017 15:44 EEST
November 7 (SeeNews) - The European Bank for Reconstruction and Development (EBRD) contemplates a fresh issue of bonds denominated in Serbian dinars, Belgrade-based media reported on Tuesday.
The bank is considering a new issue of dinar-denominated bonds but demand for them is low, news agency Tanjug quoted the associate director for financial institutions at the EBRD, Aleksandra Vukosavljevic, as saying.
Lending in Serbian dinars has to be increased to boost demand for dinar-denominated bonds, Vukosavljevic added.
The EBRD said in December its first bond placement in Serbian dinars was fully subscribed. The 2.5 billion dinars ($24.4 million/21 million euro) issue was aimed at increasing the bank’s ability to lend to the Serbian economy in the domestic currency and will contribute to "dinarisation" of local finance, the EBRD said back then.
The floating rate was set equal to three-month BELIBOR plus 40 basis points. The interest on the bonds is being paid on a quarterly basis as of March 2017.
(1 euro = 118.554 dinars)
You have run out of free articles this month.
Sign up in for
and get ten (10) free articles per month or sign up for
and get unlimited access.
Browse our free newsletter options