Serbia launched its first US dollar-denominated sustainable bond in the global market, raising $1.5 billion to support finance sustainable development and social responsibility initiatives. The information was provided by the Finance Minister of Serbia Sinisa Mali.
Mali informed that the 10-year ESG bond, issued at a 6% coupon rate and secured at 4.754% post a swap transaction, garnered a substantial $6.5 billion in investor interest, reflecting robust international demand. He further said that opting for US dollar-denominated sustainable bonds expands Serbia’s investor base, following its issuance of the first green Eurobond in 2021.