Forth Treasury Bills Auction

First auction treasury bills, with 182 - days to maturity were issued on 4th March 2009 , in the amount of 30,25 million Euros, whereas the maturity expires on 2nd September 2009. The Ministry of finance through the Central Bank of Montenegro, being the fiscal agent of the Government of Montenegro, on 1st September 2009, organized forth treasury bills auction and extended the maturity data of the first auction treasury bills by 182 days. Total offer for the sale of the treasury bills was announced in the amount of 35 million Euros. Total demand purchase demand amounted to 39,74 million Euros. Out from 35 million Euros offered, the Ministry of finance opted for accepting the offer and purchased treasury bills in the amount of 34,59 million Euros, representing 98,83% of total offer. Average waited interest rate for accepted offers amounts to 3,82% and it is lower than waited average rates on previous treasury bills auctions raging in the amounts from 3,98%, 4,30% to 5%, and it is a result of interest rates ranging from the lowest accepted of 2,5%, to the highest accepted rate of 4,25%, which is also lower than the highest accepted rate of 5% obtained on previous auctions.