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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

19. February 2019.

Erste Bank Bonds in High Demand

Investor demand for a second emission of Erste Bank long-term dinar-denominated bonds has exceeded the supply by 10%, after RSD 3.87 bn worth of bonds were subscribed and paid during a public offer, with the offered emission amounting to RSD 3.5 bn.

A to-tal of 350,000 bonds were issued with a nominal indi-vidual value of RSD 10,000, a maturity of two years and a variable interest rate of three-month BELIBOR plus 1.0%, Erste Bank said in a statement. The bank will use the money obtained through the sale of the bonds to fund and further improve its operations in the retail and business sectors. The bonds will be listed at the Belgrade Stock Exchange, the bank said.

Source: Executive Newsletter

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