Montenegro Stock Exchange possesses all technical, legal and professional capacities for bond swap if the the government decides to borrow money by selling bonds this year.
The Executive Director of Montenegro Stock Exchange, Milena Vucinic, has said that they have capacities to successfully complete that work if the state needs it, the RTCG portal has reported.
Montenegro has been considering bond swap, as the government recently borrowed 100 million euro from Deutsche Bank at a 2-digit interest rate, while citizens and industry are saving money in banks at record high at an interest rate of around 3%.
Croatia’s experience has confirmed that this model of borrowing is much more favourable than taking loans.
Recall, the first bond swap successfully happened in 2004, then in 2019 so the announced third trading would be a new test to demonstrate the citizens’ and investors’ trust in the Montenegrin financial system.