Serbia is planning to raise €2 billion through a sale of special long-term bonds for regaining properties seized by the communist regime after the Second World War, Financial Times reports. The notes will be issued in 2015 with a term of up to 20 years.
The bonds, rather than the cash raised, will be given directly to victims as compensation. However, victims will be able to issue the bonds for cash. The process will have further benefits of scaling down the public sector.
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