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Montenegro to auction 18 mln euro of 182-day T-bills on July 16

Author Radomir Ralev
Montenegro to auction 18 mln euro of 182-day T-bills on July 16 Source: Central Bank of Montenegro

PODGORICA (Montenegro), July 12 (SeeNews) - Montenegro will offer 18 million euro ($20.3 million) of 182-day Treasury bills at an auction on July 16, according to an announcement posted on the central bank's website.

The government securities will mature on January 14, 2020.

Interested investors will be able to place their bids by 12:00 CET on July 16.

In the latest auction of 182-day T-bills held on February 26, the finance ministry sold government securities with a nominal value of 30 million euro at an average weighted yield of 0.68%.

Montenegro sold 213.6 million euro worth of T-bills in 2018, up 2.6% year-on-year.

($ = 0.887703 euro)

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