Croatia’s share indices extend gains thanks to Podravka, Adris
Ljubljana share indices end week up, Telekom Slovenije leads gainers
Most Sofia bourse indices fall, Fibank paces blue-chip losers
UPDATE 1 - Bulgarian regulator okays 6.5% hike in Dec natgas price
Zarneni Hrani Bulgaria boosts 9-mo cons net profit, revenue falls
Sep 27, 2023 13:57 EEST
September 27 (SeeNews) - North Macedonia's finance ministry said on Wednesday it plans to issue its first ever green bond, hoping to raise 10 million euro ($10.6 million).
The green bond issue, which will carry a fixed annual interest rate of 4.75%, will mature on October 5, 2025, the finance ministry said in a press release.
The auction for the green bond will take place on October 3. Interested investors can subscribe to the bond offering by October 2.
The finance ministry will use the funds from the bond issuance to support green corporate projects through the Energy Efficiency Fund of the Development bank of North Macedonia.
In July, the ministry sold 1.448 billion denars ($24.8 million/23.5 million euro) worth of two-year civic development bonds carrying a fixed interest rate of 5% per year.
The civic development bonds and the green bonds are new instruments on the domestic securities market introduced as part of the country's new Public Debt Management Strategy. The strategy also foresees the issuance of development bonds and project bonds.
($ = 0.9474 euro)
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