February 18 (SeeNews) - Montenegro sold 5.0 million euro ($5.4 million) worth of 182-day Treasury bills in an auction held on February 17, significantly below the 24 million euro target, the central bank said.
The annual yield on the issue grew to 0.84% from 0.57% achieved at the last auction of 182-day Treasury bills held on January 13, the central bank said in a statement on Monday.
The government securities will mature on August 18, 2020.
Details of the last two auctions of Montenegrin 182-day T-bills follow:
|
Feb 17 |
Jan 13 |
Total nominal amount offered (mln euro) |
24.0 |
18.0 |
Amount of accepted bids (mln euro) |
5.0 |
14.9 |
Total bids placed (mln euro) |
5.0 |
16.9 |
Bid-to-cover ratio |
1.0 |
1.13 |
Yield |
0.84% |
0.57% |
($=0.923344 euro)