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Montenegro to issue state bonds in domestic market in order to provide funds for 2019 budget

Published on: Apr 4, 2019 • 11:20 PM Author: PR Service
Podgorica, Montenegro (4 April 2019) -- At today's session, the Montenegrin Cabinet passed the Decision on the issuance of state bonds that are due in 2024 and the Decision on the issuance of state bonds that are due in 2026, with a view to securing funding of the 2019 budget.

"The first Decision is about EUR 140 million, 5 years of repayment and interest rate of 3%, while the second Decision is about EUR 50 million, 7-year repayment period and an interest rate of 3.5%," said Dragan Darmanović of the Ministry of Finance.

"Unlike in previous years, when the nominal value of the bond amounted to 10,000.00 euros, the nominal value of this bond will be 1,000 euros, and we think that it will be more acceptable for citizens and that they will participate in larger numbers in the issuance of bonds," he added, stressing that in this way the State will try to activate the domestic market and develop the domestic capital market and trade in bonds in order to improve this form of trade, providing funds for the 2019 budget.

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