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Montenegro successfully issues bonds in internatio...
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Montenegro successfully issues bonds in international capital market
Published on: Sep 27, 2019 • 3:00 PM Author: PR Service
Montenegro yesterday successfully issued bonds in the international capital market under the most favourable conditions so far.
Bonds were issued in the amount of EUR 500 million, with maturity of 10 years and the interest rate of 2.55%, which is the longest maturity period and the lowest interest rate achieved so far.
In this way, the investors have given full confidence to the Government's continued policy, results achieved and future planned activities in the field of macroeconomic and fiscal policy, preservation of fiscal and financial stability, and implemented and planned activities in the field of Euro-Atlantic integration.
The good results are confirmed by demand for Montenegrin securities. The investors' offer exceeded the issued amount three times, reaching a maximum of over EUR 1.8 billion.
Furthermore, given that over 190 investors from different parts of the world have expressed interest, the Montenegrin bond is generating significant interest in the international securities market. In this regard, geographically speaking, the issue has been significantly diversified, with significant interest of investors from the United Kingdom, Europe, the United States, and Asia. On the other hand, institutional investors, i.e. investment funds, insurance companies, commercial banks, etc were predominant.
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