EUR 250mn loan to finance budget deficit

The Serbian government has adopted a bill to take out a commercial bank loan worth EUR 250mn for funding the budget deficit and debt refinancing.

Izvor: Tanjug

Wednesday, 29.09.2010.

12:51

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The Serbian government has adopted a bill to take out a commercial bank loan worth EUR 250mn for funding the budget deficit and debt refinancing. The government adopted the bill at its previous session, on September 24, and submitted it to parliament for urgent adoption. EUR 250mn loan to finance budget deficit The bill envisages that Serbia takes out a EUR 250mn commercial bank loan, which will be divided into 25 tranches worth EUR 10 million. The loan repayment date is five years, with 12 months grace period.

EUR 250mn loan to finance budget deficit

The bill envisages that Serbia takes out a EUR 250mn commercial bank loan, which will be divided into 25 tranches worth EUR 10 million.

The loan repayment date is five years, with 12 months grace period.

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