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Montenegro sells 5.0 mln euro in 182-day T-bills - table

Author Iskra Pavlova
Montenegro sells 5.0 mln euro in 182-day T-bills - table Gena96/Shutterstock.com

PODGORICA (Montenegro), 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)

 

 

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