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Foreign Investors Council
47, Gospodar Jevremova Street, IV Floor, 11000 Belgrade, Serbia
Phone: +381 11 3281 958, 3281 965
e-mail: office@fic.org.rs

MENI

Member News

05. February 2019.

Erste Bank to Issue Two-Year Dinar Bonds

Esta Bank yesterday announced a public call for the subscription and payment of two-year dinar-denominated corporate bonds in the total amount of up to RSD 3.5 bn.

The nominal value of bonds will be RSD 10,000, with the variable interest rate equaling to a three-month BELIBOR plus 1.0%, the bank has announced. The offer is intended for buyers known in advance – professional investors, but after being listed at the Belgrade Stock Exchange, the offer will be also available to other legal and natural persons. After issuing shares in 2012, Erste Bank has decided to take this step for the second time with the aim of developing the capital market, as well as diversifying sources for securing the bank’s liquidity, a source at the bank said.

Source: Executive Newsletter

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