Montenegro places EUR 180mn Eurobond issue.

By bne IntelliNews April 4, 2011
Montenegro placed successfully a EUR 180mn Eurobond issue, the finance ministry announced. The issue enjoyed high interest as the demand exceeded the offered amount over twofold. Some 67 investors from 21 different countries became bondholders. The bonds mature in five years and have a fixed annual coupon of 7.25%. The government had earlier selected JP Morgan and HSBC as lead managers in the planned issue. Legal advisor was London-based company Linklaters LLP. We note that this is the second Eurobond issue placed by the country. The previous one totalled EUR 200mn and was placed in September 2010. It was also with a five-year maturity and its coupon was 7.875%.

Related Articles

Montenegro says to borrow EUR 220mn this year, down 12% than planned.

Montenegro's government said it decided on Thursday, March 21, to reduce to EUR 220mn from EUR 250mn the amount it plans to borrow this year for financing its budget spending and servicing ... more

Montenegro reports increased budget revenue in Q1.

Montenegro's budget revenue increased by 11.5% y/y to EUR 195mn in the period from January 1 to March 20 due to higher profit tax, social contributions and VAT inflows, news service ... more

Mobile phone penetration in Montenegro drops to 155.5% in Feb 2013.

Mobile phone penetration in Montenegro dropped to 155.5% at the end of February 2013, from 159.81% at end-Dec 2012 and 163.66% a year earlier, the latest figures of the telecommunications agency ... more

Notice: Undefined index: subject_id in /var/www/html/application/controllers/IndexController.php on line 335
Dismiss