Serbia has successfully raised approximately €98.6 million through the sale of ten-year government bonds during a recent auction, as reported by the Public Debt Administration. This issuance is part of a reopened tranche that was originally launched in January 2025, with a maturity date set for July 27, 2035.
Investor interest in these bonds was robust, with total bids amounting to around €131 million, indicating a coverage ratio of approximately 1.3 times the issued volume. The bonds were sold with a yield to maturity of 5.07 percent and an annual coupon rate of 5.25 percent. Interest payments will be made semi-annually, occurring in January and July until the bonds mature.
The results of this auction underscore a sustained investor appetite for long-dated dinar-denominated sovereign debt, even amid a tighter global financial landscape. The funds raised will contribute to Serbia’s broader public financing strategy, which focuses on refinancing existing obligations and addressing budgetary requirements.
Looking ahead, the Serbian government intends to continue tapping into both domestic and international debt markets in the first quarter of 2026. This funding program will encompass instruments denominated in both euros and dinars.
