Podgorica, (MINA-BUSINESS) – At this year’s sixth auction, the treasury bills worth €35 million in total were sold at the average yield rate of 0.6 percent.
The total nominal value of the issue was €34 million, while the value of the submitted bids was €35 million.
The maturity period of the treasury bills is 182 days, which means that they will be due on 27 February 2019.
The treasury bills with the maturity period of 182 days worth €41.5 million were sold at the first auction held this year, while €45.1 million worth of treasury bills was sold at the second one.
The treasury bills worth €50 million, €18 million, and €24 million were sold at the third, fourth, and fifth auction respectively.
Eight auctions of the treasury bills with the maturity period of 182 and one with the maturity period of 91 days had been organized last year.
The treasury bills are discounted short-term securities sold by the Central Bank of Montenegro (CBCG) on behalf of the Ministry of Finance, for the purpose of maintaining current liquidity of the budget.
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