Forth T – Bills Auction in 2010

The seventh T – Bills auction – with 182 to maturity, is maturing on 28th April 2010, issued on 27th October 2009, in the amount of 8, 0 million Euros. Pursuant to the aforementioned the Ministry of finance through the Central Bank of Montenegro, being the fiscal agent of the Government of Montenegro, on 27th April 2010, has organized the forth T – Bills auction and extended the maturity date of the seventh T – Bills auction by 182 days. The total announced offer for the sale of the treasury bills was in the amount of 9,5 million Euros. The auction was successfully organized and attended by a high number of interested domestic commercial banks. The total purchase demand for the T – Bills amounted to 14,00 million Euros. The Ministry of finance decided to accept the offers and purchase T – Bills in the amount of 9,5 million Euros, representing 100% of the total offer. The T - Bills issuance and registration with the CDA (Central Depositary Agency) will be made on Wednesday, 28th April. The average weighted interest rate for accepted offers amounts 3,50% and it ranges from the amount of weighted interest rates obtained on auctions during 2009 and 2010, amounting from 3,0% to 5%, representing at the same time the lowest and the highest accepted interest rate for sold T- Bills, amounting to 2,99% to 3,99%. The aforementioned interest rate represents at the same time the lowest weighted average interest rate against average weighted interest rates obtained at previous T – Bills auctions, ranging from 3,99% to 5%.