eurobonds

Serbia Issues €500 Million Defence Bond as Public Debt Burden Increases

Serbia completed a €500 million private placement of six-year euro-denominated government bonds on 20 July, adding new external financing after the country’s public debt increased by almost €2 billion during May. The securities mature on 20 July 2032 and carry a 4.75% coupon rate. They were issued at 98.666% of face value, resulting in an effective annual yield of 5.013%. The proceeds are designated for military modernisation, including defence equipment and related technologies, rather than for refinancing existing government obligations.…