Srbijagas Plans to Borrow $218 for Gas Imports, Tanjug Reports

Srbijagas JP, Serbia’s state-owned gas monopoly will borrow 170 million euros ($218 million) from commercial lenders for purchases during the heating season, Tanjug newswire reported, citing the company’s general manager.

The amount equals the difference between Serbijagas’s claims of more than 800 million euros and its 630 million-euro outstanding debt, Tanjug quoted Dusan Bajatovic as saying.

To contact the reporter on this story: Misha Savic in Belgrade at msavic2@bloomberg.net

To contact the editor responsible for this story: James M. Gomez at jagomez@bloomberg.net

Press spacebar to pause and continue. Press esc to stop.

Bloomberg reserves the right to remove comments but is under no obligation to do so, or to explain individual moderation decisions.

Please enable JavaScript to view the comments powered by Disqus.