Montenegro Sells 34.59 Mln Euro in 6-Mo T-Bills

The average yield on the sold government securities was 3.82%, down from the 5.0% yield achieved in the previous auction held on March 23, the Finance Ministry said on its website.

This was the ministry’s fourth auction of six-month t-bills so far this year.

On March 23, the Ministry sold Teasury bills worth 1.9 million euro versus 6.0 million euro on offer, or 31.6% of the total.

The ministry also said it has 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. They had to initially mature on September 3.

Until Tuesday's auction the ministry had sold a total of 34.65 million euro of six-month T-bills since the beginning of 2009.

($=0.7043 euro)