**Serbia to Issue Bonds Worth Over a Billion Euros**
The Serbian government is planning to issue long-term bonds worth just over a billion euros in January.
These bonds, called Dinar bonds, will be sold on January 23 and have a total value of 120 billion Dinars, which is equivalent to 1.02 billion euros.
The government says it’s issuing these bonds to finance its budget deficit and pay off old debts. They also want to use some of the money for projects that can help the environment.
**What You Need to Know**
* The face value of each bond is 10,000 Dinars.
* These bonds will have a due date of July 27, 2035 and will earn interest at a rate of 5.25% per year.
* Payments on these bonds will be made every six months.
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