Montenegro Successfully Issues Bonds with 2.55% Coupon for 500 Million EUR

By , 28 Sep 2019, 19:42 PM Business
Montenegro Successfully Issues Bonds with 2.55% Coupon for 500 Million EUR Copyrights: Pixabay

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28 September 2019 - On September 26, Montenegro successfully issued bonds in the international capital market under the most favourable conditions so far.

Bonds were issued for 500 million EUR, with a 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.

Following the positive reviews by the International Monetary Fund and the World Bank, as well as positive ratings from world's rating agencies, the international investment market also positively evaluated the activities of the Ministry of Finance and the Government of Montenegro.

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 1.8 billion EUR.

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 a considerable 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.

Significant success has been achieved in the international capital market, delivering the most favourable market conditions achieved by Montenegro since the first issue of Montenegrin foreign securities.

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