The auction of government bills with a maturity of 182 days, worth EUR 13 million, the first of this year, will be held on May 19th.
The Central Bank (CBCG) announced that offers can be submitted until 12 noon that day.
The maturity date of the notes is 182 days, that is, November 22nd.
The Minister of Finance, Aleksandar Damjanović, said at a recent media conference, on the occasion of the 365 days of the Government’s work, that last year Montenegro issued government bonds as short-term bonds of up to one year, which were bought by a number of banks.
We are thinking about continuing and re-issuing government bills, where under some different conditions, which will not be very different, that arrangement would be extended with those banks that want it. This is something that was done five or six times a year in previous years, and the thing to overcome the problem is liquidity – Damjanović explained at the time.
Three government bill auctions were held last year. Government bills are short-term securities, by issuing which the state borrows for that amount, and those interested in the auction give their bids with the percentage of yield, i.e. interest for that amount and the period from issuance to collection.
CBCG is the agent of the state for the broadcasting of records, that is, it performs an intermediary technical role. The Ministry of Finance is obliged to pay the obligations according to the issued state bills on the due date.
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