NBS: Serbia's Dinars bonds to be included into J.P. Morgan Bank index soon

NEWS 24.01.2020 17:07
Source: N1

Serbia's National Bank (NBS) said on Friday that the US investment J.P. Morgan Bank reported it was considering, "with a positive perspective," to include Serbia's Dinars bonds into its index of the developing markets' securities, J.P. Morgan GBI-EM Index, the Beta news agency reported.

NBS understands the consideration as the recognition of Serbia’s results in its economic and financial markets’ development, as well as the creation of preferable domestic investment environment.

„We have been aspiring for years to join J. P. Morgan bonds’ index, and we are now close to that,“ Jorgovanka Tabakovic, the NBS Governor, said.

She added that „in case of J.P. Morgan’s positive decision, which we expect by mid-2020, there will be many effects on the local financial market: the number of investors will grow, and Serbia will be available to the largest group of the world prominent financiers.“

NBS statement said that placing Serbia at the „Index Watch Positive“ list was a clear signal that Belgrade met all conditions to be among the reputable group of developing countries which international investors saw safe for financing.

The statement added that the inclusion of Dinars’ bonds into the „GBI-EM Global Diversified“ Index of the same bank, a benchmark bond index of the developing countries in local currencies.