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.

Before it's here, it's on the Bloomberg Terminal.
LEARN MORE