First T – Bills auction in 2010

Published date: 01.03.2010 14:08 | Author: Ivona Mihajlović - administrator

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The Fourth auction T – Bills maturity date is on 2nd March 2010, issued in 182 days to maturity, in the amount to 34.59 million Euros. In this regard, the Ministry of Finance through the Central Ban, being the fiscal agent of the Government of Montenegro, organized the auction of T -Bills in 2010, and extended the maturity of the forth auction by 182 days. Total offer for the sale of T-Bills amounted to 35.5 million Euros. The auction was successfully implemented being attended by a larger number of domestic commercial banks, and a few banks in the region. The total demand for the purchase of T – Bills amounted to 40.09 million Euros. The Ministry of Finance has decided to accept the offers and purchase T – Bills in the amount of 35.5 million Euros, representing 100% of the total offer. The issuance of T – Bills and registration of purchasers with the CDA will be made on Tuesday, 2nd March. The average weighted interest rate for accepted offers is 3.96% and ranges within weighted interest rates from auction held in 2009, amounting to 3% - 5%, being the result of interest rates ranging from the lowest of 3.5% to the highest accepted one of 4,00%, which is lower than the highest accepted rate of 5% on the previous auctions .