August 16 (SeeNews) - Serbian central bank governor Jorgovanka Tabakovic said on Wednesday that JP Morgan has included Serbian dinar-denominated bonds in the list of securities it plans to trade with, local media reported.
JP Morgan on Tuesday put the bonds on its list, recommending them to investors, Tabakovic said during a news conference. A video file of the news conference was posted on the website of Serbian news agency Tanjug.
JP Morgan acquired dinar-denominated bonds for the first time on August 11, Tabakovic said.
A total of 14,748 bonds of the dinar-denominated RSO15105 issue, maturing on March 2, 2018, and bearing a coupon of 10%, were traded on the Belgrade Stock Exchange on August 11. Trading in Treasury bonds contributed 158.9 million dinars ($1.56 million/1.33 million euro) to the session's total trading turnover of 178.9 million dinars on the bourse, stock exchange data showed.
In December, the European Bank for Reconstruction and Development (EBRD) said its first bond placement in Serbian dinars was fully subscribed. The 2.5 billion dinars issue will increase the bank’s ability to lend to the Serbian economy in the country's currency and will contribute to "dinarisation" of local finance, the EBRD said back then.
(1 euro = 119.329 dinars)