Serbia's Ministry of Finance and Economy announced that the Republic of Serbia made sales of Eurobonds in the international financial market, with 148 involved in the trading of financial investors from around the world.
The statement said that the demand was three times higher than what the government offered for sale, which shows strong investor confidence in the reforms implemented by the government of Serbia in the field of economics and public finances.

Most investors were from the United States, Great Britain and the United Arab Emirates. Eurobond sales volume amounted to $1.5 billion, with an annual interest rate of 4.875% and a maturity of seven years.

The yield that investors made in today's auction was 5.15%. This sale of Eurobonds was performed in accordance with the planned activities of the government to ensure financial stability in 2013.

One part of the funds collected will be used for the early repayment of expensive loans taken by the state in recent years. In relation to the first sale of Serbian Eurobonds in September 2011, when the interest rate was 7.5%, today's sale recorded a more favourable price, because the rates now are by 2.35% down. 

This once again confirms that foreign investors evaluate the Serbian economy and government finances much more positively today than in the past, reads the statement. Source: gov