February 25 (SeeNews) - Serbia issued a 12-year Eurobond worth 1 billion euro ($1.2 billion) on the international market amidst strong investor interest on February 24, the country's central bank said.
The issue, with a coupon of 1.65% and yield of 1.920%, has the longest maturity of all bonds that Serbia has placed on foreign markets so far, the central bank, NBS, said in a statement on Wednesday.
Nearly 200 investors placed orders worth over 3.5 billion euro in the auction.
The funds raised will be used for debt repayment and to ensure continuous growth of the economy, NBS said.
Serbia issued a ten-year Eurobond worth $1.2 billion on the international market in November.
($ = 0.8176 euro)