Montenegro Sells 2.0 Mln Euro in 6-mo T-bills

The average yield on the government securities was 4.15%, up from the 3.92% yield achieved in the previous auction held on September 14, the Finance Ministry said in a statement.

This was the ministry’s sixth auction of six-month T-bills so far this year as total demand for the government securities totalled 4.05 million euro.

On September 14, the Ministry sold Treasury bills worth 5.0 million euro, or 100% of the offering.

The ministry also said it held the new auction as the 1.9 million euro in T-bills sold at its third auction on March 24 mature on September 21.

Earlier this month the ministry extended by 182 days the maturity date of the six-month Treasury bills from its second auction on March 17, worth 2.5 million euro. It also extended by 182 days the maturity date of the six-month Treasury bills from its first auction on March 4, worth 30.25 million euro.

Prior to Monday's auction the ministry had sold a total of 74.24 million euro of six-month T-bills so far this year.

($=0.6834 euro)