04 April 2019 - At the session held on April 4, the Montenegrin Government passed the Decision on the issuance of state bonds that are due in 2024 and the Decision on issuing state bonds that are due in 2026, intending to secure funding of the 2019 budget.
"The first Decision is about 140 million EUR, 5 years of repayment and interest rate of 3%, while the second Decision is about 50 million EUR, 7-year repayment period and an interest rate of 3.5%," said Dragan Darmanović of the Ministry of Finance.
"Unlike in previous years, when the nominal value of the bond amounted to 10,000.00 EUR, the nominal value of this bond will be 1,000 euros, and we think that it will be more acceptable for citizens and that they will participate in larger numbers in the issuance of bonds," the Minister explained.
According to Darmanović, in this way the State will try to activate the domestic market and develop the local capital market and trade in bonds to improve this form of trade, providing funds for the 2019 budget. Minister also stressed that he expects that the Government will be able to create even better conditions for the country’s structural reforms and the competitiveness of Montenegrin economy.
