The decision was made after taking into consideration the successful sale of government securities on the domestic market and the successful issuance of government bonds on the international market earlier this year, the public debt administration at the finance ministry said in a statement last week.
Last month, Serbia issued its first US dollar-denominated sustainable bond on the international market, raising $1.5 billion (1.4 billion euro) to finance sustainable development and social responsibility projects. The 10-year ESG bond, issued at a 6% coupon rate and secured at 4.754% after a swap transaction, attracted $6.5 billion in investor demand, finance minister Sinisa Mali said at the time.
Previously, in the first quarter of the year, the finance ministry raised 9.8 million euro at its first auction of three-year euro-denominated T-notes held on January 25. It also held three auctions of dinar-denominated debt, raising 2.9 billion dinars ($27.8 million/25.6 million euro) of eight-year T-bonds on March 6, 41.5 billion dinars of eight-year T-bonds on February 5, and 63.2 billion dinars of eight-year T-bonds on January 18.
(1 euro = 117.037 dinars)