Serbia seeks advisor for World Bank-financed corporate bond project

Interested brokerage houses, banks and credit institutions can submit their offers by April 2, the bourse said in a statement last week, quoting an invitation for participation in a tender issued by the finance ministry.

In March 2023, the World Bank approved a $30 million (27.7 million euro) loan to support Serbia in its effort to deepen and further develop its capital markets with a Catalyzing Long Term Finance Through Capital Markets Project. The project aims to encourage corporates to issue bonds, including green and thematic bonds, that could become an attractive alternative source of long-term financing to support Serbia's green transition objectives.

The World Bank says on its website that the total cost of the project is $50 million euro, adding it will remain active until the end of August 2028.

($ = 0.923 euro)