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Telekom Srbija secures new funding

October 1, 2020 09.10 Europe/London By Chris Dziadul

The National Bank of Serbia (NBS) has confirmed that it has bought a small number of corporate bonds from Telekom Srbija.

Quoting Tanjug, b92 adds that the telco has also denied some press reports that it spent up to €100 million.

Indeed, the amount it bought was around a third, rather than about half, the issue as has been reported.

It also did not even remotely buy the maximum permitted amount of Telekom’s corporate bonds. This was limited to 70% of the total issue or RSD11 billion (€93.3 million) exposure to one issuer.

NBS in addition points out that the bonds were issued in dinars and that a total of five, rather than four, banks invested in the bonds. T

elekom Srbija issued corporate bonds for the first time ever on Friday, September 25. Their value amounted to RSD23.5 billion.

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Filed Under: Central & East Europe, Finance, Newsline Tagged With: National Bank of Serbia, Serbia, Telekom Srbija Edited: October 1, 2020 09:10

About Chris Dziadul

Chris is our Central & East Europe Editor. You can talk to Chris on Twitter @chrisdziadul or by email at cdziadul@broadbandtvnews.com

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