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Kodar Raises €15.4 Million in Green Bond as Serbia Tests Corporate Debt Demand

Kodar Energomontaža has raised €15.4 million through its latest green-bond offering, securing less than one-third of the maximum amount it sought as Serbia's developing corporate debt market faces a significant test of investor capacity. The bonds were sold at par during primary trading on 24 August 2026, with investors purchasing 180,500 securities for RSD 1.805 billion, equivalent to approximately €15.4 million. Kodar had offered as many as 586,000 bonds, representing a maximum issue value of RSD 5.86 billion, or roughly…