Regulatory Alerts2007-12-17
Decision on the Issuance of Republic of Serbia Bonds for the Settlement of Obligations Arising from Citizens’ Foreign Currency Savings
The Republic of Serbia issued zero-coupon bonds with a nominal value of EUR 1 to settle public debt obligations arising from citizens' foreign currency savings. The bonds feature staggered maturities from 2002 to 2016 and are exempt from various taxes while allowing holders to use them for purchasing property, shares, or covering specific medical and funeral expenses before maturity. The decision also establishes the exchange of previous FRY bonds for these new instruments and defines the funding sources for the settlement obligations.
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