By increasing the number of investors, we develop the capital market

2020-01-29T19:32:58+01:00 January 28th, 2020|

Belgrade – “Foreign investors and funds will be able to invest in domestic securities and the Serbian capital market in a fast and efficient manner,” the finance minister said.

The Minister of Finance of Serbia, explaining the Bill on Amendments to the Law on the Capital Market, said that it would enable the base and structure of potential investors to invest in domestic securities to be increased.
He explained that the proposed amendments bring the provisions of the Capital Market Act into line with the Law on Public Debt.

“Foreign investors and funds will be able to invest in domestic securities and the Serbian capital market in a fast and efficient manner,” the Serbian Finance Minister said.

These activities will be monitored by leading banks in Serbia, such as UniCredit, Intesa, Raiffeisen Bank and OTP Bank.

By increasing the availability and attractiveness of domestic securities to foreign investors, we reduce our financing costs and ensure better diversification of investors investing in domestic securities.

In this way, the capital market is improved and developed.

Last year, we had two very successful Eurobond issues at historically lowest interest rates. At the last issue of bonds in November, we issued EUR 550 million of bonds with a yield of 1.25 percent, and previously in June we issued a bond of EUR 1 billion, for a period of ten years, with a yield rate of 1.619 percent and six times the demand .

The issue of Eurobonds denominated in euro for a term of 20 years will be issued tomorrow, which is the first time since the bonds issued so far have been denominated in euro for a maximum of 15 years, but mostly less.

Serbian bonds were included in the list for potential inclusion in JP Morgan’s index of sovereign bonds of developing countries.

Also, on the agenda of the Assembly is the Bill on Ratification of the Loan Agreement between the Republic of Serbia and the International Bank for Reconstruction and Development, which aims to increase productivity and strengthen the market links of small and medium-sized agricultural food producers.

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