economy
Telekom Srbija Issued Bonds Worth 1.95 Billion Euros
Telekom Srbija issued corporate bonds worth 1.95 billion euros through a multi-tranche issuance of senior unsecured bonds denominated in US dollars and euros, the company announced.
TL;DR
- Telekom Srbija issued corporate bonds worth 1.95 billion euros in USD and EUR.
- The issuance attracted $13.87 billion in demand from approximately 300 international institutional investors.
- This is the largest corporate bond issuance ever in Southeast, Central, and Eastern Europe.
- The transaction was led by a consortium of leading financial institutions including BNP Paribas, Bank of America, Citi, Deutsche Bank, and others.
- The issuance aims to refinance existing debt, extend maturity structure, and optimize capital structure.
- Telekom Srbija reported revenues of 2.3 billion euros and adjusted EBITDA of 1.3 billion euros in 2025.
- The company's credit profile is supported by ratings from Moody's, Fitch Ratings, and S&P Global Ratings.
- The issuance is expected to increase the visibility of the Serbian and regional capital markets among global investors.