Commentary & Deal Flow

The Republic of Serbia (represented by the Government of the Republic of Serbia, acting by and through the Ministry of Finance), rated Ba2 (stable) / BB+(positive) / BB+ (stable) by Moody's / S&P / Fitch, has mandated BNP Paribas, BofA Securities, Deutsche Bank, MUFG and Raiffeisen Bank International (together, the “Joint Lead Managers”) to arrange a Global Investor Call at 14:00 UKT / 15:00 CET / 9:00 EST on 4 June 2024 along with a series of investor calls. 

An inaugural sustainable USD-denominated benchmark size Reg S / 144A offering issued under the GMTN Programme of the Republic of Serbia, with a 10-year maturity, will follow subject to market conditions.

The sustainable bond offering will be issued in accordance with the Republic of Serbia's newly established Sustainable Finance Framework dated 4 June 2024. A Second Party Opinion (“SPO”) has been delivered by Moody's ISS ESG. Deutsche Bank is acting as ESG Structuring Coordinator. The Sustainable Finance Framework and SPO are both available at https://javnidug.gov.rs/en/zel...