April 4 (Bloomberg) -- 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 firstname.lastname@example.org
To contact the editor responsible for this story: James M. Gomez at email@example.com