Serbia has raised €500mn through a private placement of six-year euro-denominated notes with international institutional investors to finance the modernisation of its armed forces, the finance ministry told Tanjug on July 15. The notes carry a 4.75% annual coupon and were sold at 98.666% of face value, resulting in an annual yield of 5.013%. The securities mature on July 20, 2032, with settlement scheduled for July 20. [...]