Montenegro Sells 5.0 Mln Euro in 6-mo T-bills

The average yield on the government securities that were was 3.92%, up from the 3.82% yield achieved in the previous auction held on September 1, the Finance Ministry said in a statement.

This was the ministry’s fifth auction of six-month T-bills so far this year as total demand for the government securities totalled 7.73 million euro.

On September 1, the Ministry sold Treasury bills worth 34.59 million euro versus 35 million euro on offer.

The ministry also said it has 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. They were initially due to mature on September 15.

Last week the ministry 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, which had to initially mature on September 3.

Prior to Monday's auction the ministry had sold a total of 69.24 million euro of six-month T-bills so far this year.

($=0.6844 euro)