Serbia back for more in 10 year euros

Euro debt 230x150
By Lewis McLellan
05 Nov 2019

Serbia has returned to the euro market after only four months, tapping the line it opened in June this year and raising cash to refinance dollar obligations it faces in 2020.

BNP Paribas, Citi, Deutsche Bank and JP Morgan will run books for the tap, which is expected to raise €500m. Books opened on Tuesday.

"The issuer has a natural need for euros, given that 70% of its exports go to the EU, and integration with ...

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