Eurobonds will provide solvency, PM claims

Serbian Prime Minister Mirko Cvetković said Friday that the issuing of Eurobonds fully provided solvency for this and next year.

Izvor: Tanjug

Saturday, 24.09.2011.

12:39

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Serbian Prime Minister Mirko Cvetkovic said Friday that the issuing of Eurobonds fully provided solvency for this and next year. He told reporters that this was a historic event for Serbia because this was the first time that state securities had been quoted at the European market. Eurobonds will provide solvency, PM claims The PM voiced his pleasure at the way the Eurobond offer was received, adding that foreign investors were assured that the macroeconomic and political situation in Serbia was stable. “Having successfully sold Eurobonds at European stock markets, Serbia showed that it can participate in both commodity and financial exchange with the world,” Cvetkovic stressed. “Interest in Serbian Eurobonds was great, although this is an unfavorable time at global financial markets, which means that financial investors have confidence in Serbia and its perspective,” he noted. “The significance of the sale of Eurobonds also lies in the fact that the state thus receives long-term sources of financing its budget liquidity and amends its balance of payments,” the prime minister explained. Cvetkovic concluded that issuing of Eurobonds would continue, but at this point could not say how often. Mirko Cvetkovic (Tanjug, file)

Eurobonds will provide solvency, PM claims

The PM voiced his pleasure at the way the Eurobond offer was received, adding that foreign investors were assured that the macroeconomic and political situation in Serbia was stable.

“Having successfully sold Eurobonds at European stock markets, Serbia showed that it can participate in both commodity and financial exchange with the world,” Cvetković stressed.

“Interest in Serbian Eurobonds was great, although this is an unfavorable time at global financial markets, which means that financial investors have confidence in Serbia and its perspective,” he noted.

“The significance of the sale of Eurobonds also lies in the fact that the state thus receives long-term sources of financing its budget liquidity and amends its balance of payments,” the prime minister explained.

Cvetković concluded that issuing of Eurobonds would continue, but at this point could not say how often.

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