IFC sells first ever dinar bond in local currency push

Serbia Flag Wiki 230x150
By William Chambers
07 Dec 2017

The International Finance Corporation has placed its first ever Serbian dinar bond, with the intention of financing a particular project in the region.

The RSD507.025m ($5.0m) December 2020 MTN was printed via JP Morgan on Monday. The trade carries a coupon of 3.75% and was priced at par.

“This type of financing is driven by two factors,” said a funding official at IFC. “Firstly compensation for credit, and secondly a ...

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