sustainable bonds

Serbia’s debut in sustainable bonds raises $1.5 billion for green initiatives

The government recently made its debut on the international market by issuing sustainable bonds (ESG), raising $1.5 billion to fund sustainable development, green initiatives and socially responsible projects, according to statements from both the Ministry of Finance and the National Bank of Serbia. Investor demand surpassed $6.5 billion, more than four times the nominal value of the eurobonds sold. These bonds have a ten-year maturity period and were issued with a six percent coupon rate in dollars. Following the issuance,…