The European Bank for Reconstruction and Development (EBRD) has issued дин2.5 billion in a floating rate bond.
The bond is the bank's first issue in Serbian dinars, it is dues in 2019 and was issued on the Belgrade Stock Exchange.
The aim of the issue is to fund the bank's lending operations in Serbia. The bank has stated that it hopes that 15-20% of its lending in the country can be done in dinars.
Raiffeisen acted as underwriters with Citigroup as marketing agent.