Serbia Plans Sustainable Bond Debut Amid Push for Rating Upgrade
- Government mandates calls on potential 10-year USD bond sale
- S&P Global Ratings has lifted outlook on Serbia’s debt score
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Serbia is looking to tap markets with an inaugural sustainable bond sale to take advantage of a resilient economy which has brought the Balkan nation closer to gaining an investment credit rating.
The government in Belgrade has mandated BNP Paribas SA, BofA Securities Inc., Deutsche Bank AG, Mitsubishi UFJ Financial Group Inc. and Raiffeisen Bank International AG, acting as joint lead managers, to arrange a global investor call on Tuesday for a benchmark-size dollar offering with a 10-year maturity, according to a person familiar with the plans who asked not to be identified.