February 25 (SeeNews) - Montenegro sold 18 million euro ($19.5 million) worth of 182-day Treasury bills in an auction held on Tuesday, below the 30 million euro target, the central bank said.
The annual yield on the issue grew to 0.94% from 0.84% achieved at the latest auction of 182-day Treasury bills held on February 17, the central bank said in a statement.
The government securities will mature on August 26, 2020.
Details of the last two auctions of Montenegrin 182-day T-bills follow:
|
Feb 25 |
Feb 17 |
Total nominal amount offered (mln euro) |
30.0 |
24.0 |
Amount of accepted bids (mln euro) |
18.0 |
5.0 |
Total bids placed (mln euro) |
18.0 |
5.0 |
Bid-to-cover ratio |
1.0 |
1.0 |
Yield |
0.94% |
0.84% |
($ = 0.922926 euro)