Serbia has raised €550mn from a reopening of a ten-year Eurobond issue, which will be listed on the London Stock Exchange (LSE), the finance ministry said in a statement.
Serbia has been considering to issue a Eurobond in order to raise funds for a planned new large investment cycle.
The securities were added to a €1.0bn Eurobond that was first auctioned in June. On November 5, they were sold at an average yield of 1.25%, down from 1.619% in June.
"After issuing a €1bn Eurobond in June this year when investor interest was also significantly higher than the offer, we decided to once again take advantage of the very favourable conditions on the international market and expand the volume of the issue by an additional €550mn," Finance Minister Sinisa Mali said in the statement.
Demand reached €1.7bn, three times more than the offer.
Uzbekistan's central bank on April 25 kept its benchmark interest rate on hold at 14%, pointing to risks that inflation could once more accelerate. Planned hikes of state-regulated prices for ... more
Ukraine's leading private energy company, DTEK, has sounded the alarm, indicating an urgent need for $350mn to recuperate lost capacity resulting from Russia's relentless assaults on thermal power ... more
The International Monetary Fund (IMF) projects real GDP growth of 3.1% this year and 5.6% in 2025 for Kazakhstan in its newly released ... more