May 19 (SeeNews) - Serbia's central bank, NBS, has included domestic corporate bonds in the list of securities it may acquire to boost the development of the country's corporate securities market, central bank data showed on Tuesday.
Only securities of companies with a credit rating of at least "(B) very good solvency" by the Serbian Business Registers Agencywill be eligible for acquisition by NBS, the central bank said in an executive board decision on open market operations posted on its website.
The central bank will be able to acquire only securities issued before December 31, 2020, with a maturity of up to five years, it said in the notice.
So far, the central bank was able to buy or sell only securities issued by itself, the Serbian government, international financial organisations and development banks, or a financial institution which was founded by a foreign state and whose credit rating is at least "AAA" by Standard&Poor’s and/or "Aaa" by Moody's.