Serbia Remains Undaunted by Euro Debt Crisis in Bond Sale Plan
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Serbia’s first-ever Eurobond sale won’t be sidetracked by the growing euro area’s debt crisis and the government will consider selling dollar-denominated bonds, Prime Minister Mirko Cvetkovic said.
Cvetkovic’s Cabinet selected JP Morgan Chase & Co. and Deutsche Bank AG to help it prepare and sell as much as $1 billion by the end of September or October. The government has already tested market appetite with a March 30 sale of three-year dinar-denominated bonds at home, offering investors a 10 percent coupon with yields at 14.08 percent on April 1.