Engineering and telecommunications company Telefonija is preparing to launch Serbia’s first fully fledged corporate bond this month. Bankers hope other issuers will soon follow it. Aleksandar Malisic, head of investment banking at arranger Raiffeisen banka, says that the company is awaiting the final sign-off from the Serbian securities commission before taking a YD200 million (€2 million) four-year issue to market.
Malisic reports that the deal is already attracting strong buying interest from institutional investors such as insurance companies and pension and investment funds, keen to see a new instrument on the market.
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