By issuing the latest third Eurobond worth 500 million euros, Macedonia has secured a record-low interest rate of 3.97%, Deputy PM and Finance Minister Zoran Stavreski told a press conference on Friday.

It is a result of the exceptionally favorable macroeconomic state in Macedonia i.e. a recorded growth of 3.9%, the start of foreign as well as local investments, export growth, decrease in the unemployment rate and low public debt, he added.

"The Eurobond is issued in extremely favorable conditions with Macedonia securing a record-low interest rate since issuing eurobonds. It represents a strong expression of trust by the investors toward Macedonia and its economic policies and the perspectives of the country in general," Stavreski noted.

The Eurobond is issued to pre-finance the 2015 budget, to pay an Eurobond issued in 2005 in amount of 150 million euros, to repay a 115 million euro credit line to the International Monetary Fund and to finance many capital projects slated for 2015.

"Huge interest was shown for the issuance of our Eurobond. Demand of investors, compared to our offer of 500 million euros, amounted to 1.16 billion euros, more than twice as offered. 100 investors presented an offer including investment banks, investment funds, insurance companies, private banks and similar financial investors," said the Minister.

In the past four days, Stavreski was joined by National Bank Governor Dimitar Bogov and a team of the Finance Ministry to visit the most important financial centers in Europe - Vienna, Munich, Frankfurt and London, where over 35 meetings were held with investors from the United States and Europe.