Serbia to Sign $500 Million Russian Loan Next Week, Blic Says

Serbia has accepted Russia’s offer for a $500 million loan to support the budget, Belgrade newspaper Blic reported, citing Finance Minister Mladjan Dinkic.

The 10-year loan, with a two-year grace period, carries a fixed interest rate of 3.5 percent, Dinkic said, adding that Serbia has no plans to issue a new Eurobond any time soon. The loan agreement will be signed next week in Moscow, he said.

To contact the reporter on this story: Gordana Filipovic in Belgrade at gfilipovic@bloomberg.net

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

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