Serbia is weighing a $1 billion worth dollar-denominated bonds sale, Bloomberg reports. The sale will take place by the end of September or October this year.

JP Morgan Chase and Deutsche Bank have been selected to help the government in the sale process. Serbia, which is seeking financing to cut its budget deficit and to reduce spending to meet demands by the European Union and the International Monetary Fund, sold three year dinar-denominated bonds on March 30.

Click here for the story from Bloomberg.