Mali: Revenues from LSE bond issue to go to infrastructure

BELGRADE - Serbian Finance Minister Sinisa Mali said on Friday Serbia had raised 1.75 bln dollars in a London Stock Exchange bond issue and that the funds would be invested in infrastructure.

"We will use the money for further investments in infrastructure - roads, high speed rail lines, schools, hospitals, and also in the green agenda, construction of sewage networks, waste water treatment plants - everything that improves the quality of life of Serbian citizens," Mali told Tanjug.

He said Thursday's bond issue was a huge success as over 500 investors, including the world's top investment funds, had expressed interest in Serbian bonds.

"They were offering us over 11 bln dollars, which is the greatest-ever interest and the highest-ever offer," he said.

"We fared better than Romania, which is an EU member state and has investment grade rating. We are at...