Money (Pixabay)
Serbia will raise approximately EUR1.15 billion in the first quarter of 2026 through bond sales, according to an auction plan published by the Ministry of Finance. Under the plan for the first three months of 2026, the Government is supposed to collect a total of RSD111.6 billion and EUR 200 million, which, at the current average exchange rate of about 117 dinars for one euro, amounts to close to EUR1.15 billion.
The amount covers a considerable share in the annual limit, as the state plans to use 42.2 percent of its planned borrowing on the domestic capital market in the first quarter already. The strategy for the start of the year relies on reopening the existing dinar-denominated issues and placing one new long-term euro-denominated issue.
According to the auction schedule of the Public Debt Administration for the first quarter of 2026, all four planned sales in the domestic currency are a follow-up to previous borrowing. The state does not plan to access international financial markets in the first quarter, meaning the share of eurobonds in that period will be zero.
Although the budget allows for international borrowing of up to RSD352 billion, the focus is exclusively on domestic sources, the weekly Nedeljnik.rs reported.
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