Serbia Issues Government Bonds with a Maturity of Eight Years for the First Time – Debt of Nearly RSD 20 Billion

For the first time, the Republic of Serbia issued Government Bonds with a maturity of 8 years and successfully sold them at the first auction in the amount of RSD 19.19 billion, the Public Debt Administration announced on its website.

At the first auction of the new issue of 8-year RSD Government Bonds of the Republic of Serbia, issued on October 24, 2023 the volume of the Bonds issue amounts to RSD 110,000,000,000 with a coupon rate of 7.00% (annual coupon), and the sales volume, for the first auction, was announced at RSD 7 billion.

Total volume of submitted bids amounted to RSD 34,872,170,000. Investor offers were accepted in the total amount of RSD 19,195,310,000, which is almost three times more than the planned volume of RSD 7,000,000,000.

– There was a noticeable participation of foreign investors at the auction, which shows their interest in state securities and their presence on the capital market of the Republic of Serbia – it is pointed out.

Government Bonds were sold at YTM of 6.39%, that is, at the price of RSD 10,373,02 and the maturity date is October 26, 2031. The annual coupon is 7.00% and the payment date is every October 26 until the maturity date.

Uprava za javni dug

issue of bonds with maturity of eight years

issue of bonds

sale of government bonds