Montenegro will issue its first government bonds for citizens on November 3, Finance Minister Novica Vukovic announced on Friday, describing the move as a milestone for the country’s economy and a new opportunity for individual investors.
“For the first time, every citizen of Montenegro has the opportunity to directly invest in their country — in its stability, future, and financial security,” Vukovic said at a press conference in Podgorica.
The bonds, valued at a total of €50 million, will carry an annual interest rate of 3.75% over a two-year period, with a minimum investment set at €500. The subscription period will run until November 15.
Vukovic said the government may expand the issue if public demand exceeds expectations. “The total issuance is planned at €50 million, but we have allowed for higher demand, which could increase it up to €100 million,” he noted.
The initiative aims to encourage domestic savings and citizen participation in Montenegro’s financial market, while providing the government with an alternative funding source for public finances.