September 2006
Mainstream Macedonia
With a successful Eurobond behind it, the republic is beginning to fulfil its promise as a strategic part of the Balkans. Oonagh Leighton reports.
By Oonagh Leighton
|
| Krkoska: on radar screens |
THE SUCCESS OF the Republic of Macedonia’s debut Eurobond, issued at the end of 2005, is one indication that the small republic, formerly part of Yugoslavia, is taking strides towards becoming a functioning market economy. The execution of the $150 million 10-year bond with a yield of 4.7%, led by Citigroup, also highlights the benefits of being a country in play for accession to the European Union.
“It is very hard for a country like Macedonia to even get on the radar screen,” says Libor Krkoska, senior economist for Macedonia at the European Bank for Reconstruction and Development. “This bond will have brought them to the attention of international investors, many of whom probably did not even know where they were based before, and proven that they have the ability to access the global capital markets.”
Since then investors might have become...
You must be a Level 2 subscriber to access this archived content.
If your subscription includes access to the archive, please log in now to view.
To gain access to this content visit the subscription page or call our hotline on +44 (0)207 779 8999.
Subscribe online now and save up to 30% on your subscription.
If you are a trialist or subscriber, please enter your username and password at the top right-hand side of euromoney.com
Subscribers to Euromoney benefit from:
Level 1:
- Online access to the past 12 months content
- Tailored RSS news feeds direct to your desktop
- News delivered directly to your mobile device or PC
- Personalised email newsfeed of 'Top stories' and 'Breaking news'
Level 2:
- Exclusive access to euromoney.com - Read the latest issue early online, search for specific developments by region or sector, interrogate the results of Euromoney's benchmark polls, and view the archive dating back to 2000
- 12 monthly issues of Euromoney magazine
- More than 30 specialist research guides free
- The results of Euromoney’s polls and surveys
- Tailored RSS news feeds direct to your desktop
- News delivered directly to your mobile device or PC
- Personalised email newsfeed of 'Top stories' and 'Breaking news'
Click here to subscribe