Montenegro successfully placed a €500mn ten-year Eurobond issue on September 27 at an interest rate of 2.55%, the finance ministry said.
The Eurobond will be used to refinance public debt, which is expected to fall below 60% of GDP in 2022.
Montenegro has three euro-denominated bonds with shorter maturity: the first expires in March 2020, while the other two fall due in 2021 and 2025.
This is the bond with the longest maturity and the lowest yield so far, the ministry said in a statement.
“In this way, the investors have shown complete trust in the government’s continuous policy, the achieved results and the planned future activities in the field of macroeconomic and fiscal politics, sustaining financial stability and the completed and planned activities in the field of Euro-Atlantic integration,” the statement reads.
The demand for the issue totalled €1.8bn and 190 investors have shown interest in it.
Montenegro’s government has given up building a second unit at its coal-fired Pljevlja power plant and will focus on development of renewable energy sources, Prime Minister Dusko Markovic said as ... more
Construction of the first priority stretch of Montenegro’s key Bar-Boljare motorway has devastated the riverbed of the Tara river, which is protected by UNESCO, the opposition ... more
Protests in Serbia turned violent on March 16 as opposition leaders and their supporters invaded the building of public broadcaster RTS, while in Montenegro thousands went out on the streets once ... more