The first day of Montenegro’s sovereign bond issuance for citizens saw strong public interest, the Ministry of Finance announced.
According to the initial report, citizens subscribed to €7 million worth of bonds on Monday, the first day of the offer, with that amount significantly exceeded by Tuesday morning.
This marks Montenegro’s first-ever retail bond issuance, totaling €50 million, with a fixed interest rate of 3.75% over two years and a minimum investment of €500. There is no upper investment limit.
The Ministry emphasized that government bonds are recognized globally as one of the safest forms of investment, as they are backed by the state.
Funds raised through the bond issuance will be directed toward infrastructure projects, the capital budget, and strengthening fiscal reserves.
Citizens can purchase bonds through six partner banks: CKB, NLB, Erste, Hipotekarna, Prva Banka Crne Gore, and Universal Capital Bank.
