Statement of the Deputy Prime Minister and Finance Minister, Mr. Igor Lukšić PhD., on the Press Conference held on the occasion of the first Eurobonds issuing and entrance of Montenegro into the European bonds market

Published date: 08.09.2010 15:19 | Author: Ivona Mihajlović - administrator

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"I am pleased that I can share with you my satisfaction with the successful Eurobonds issuing, which was the debut entrance of Montenegro into the capital markets, providing EUR 200 million, being planned by the Budget Law. My pleasure is even greater because the demand for our bonds has exceeded the supply, being extremely good results in terms of comparative experience, while on the other hand it is reaffirming that investors from 25 countries, about 140 of them out of which 125 bought bonds, have confidence in the economic situation of Montenegro and Montenegrin public finance. This is important because Montenegro entered into the capital market as a debutante, especially after the Greek crisis, thus we gave a contribution to the gradual consolidation of confidence in the euro ... The bonds were issued with a maturity date of five years, which is a common practice for countries that debutante on the market, and interest rate is fixed at 7.875 ... ".