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Montenegro to auction 30 mln euro of 182-day T-bills on Feb 25

Author Iskra Pavlova
Montenegro to auction 30 mln euro of 182-day T-bills on Feb 25 Debts (Author: investopedia.com) License: all rights reserved.

PODGORICA (Montenegro), February 21 (SeeNews) - Montenegro's finance ministry will offer 30 million euro ($32 million) worth of 182-day Treasury bills at an  auction on February 25, the country's central bank said on Friday.

The government securities will mature on August 26, 2020, the central bank said in a statement.

The planned issue will comprise 300,000 securities of 100 euro in par value each.

At the last auction of 182-day T-bills held on February 17, the finance ministry sold 5.0 million euro worth of government securities, significantly below the 24 million euro target. The annual yield grew to 0.84% from 0.57% achieved at the previous auction of 182-day T-bills held on January 13.

Montenegro sold 144 million euro worth of T-bills in 2019, down 32.6% year-on-year. 

($ = 0.925980 euro)

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