05 Dec 2025

Schoenherr and Moravcevic Vojnovic and Partners Advise Montenegrin Ministry of Finance on First Retail Government Bond Issuance

"Moravcevic Vojnovic and Partners, in cooperation with Schoenherr, advised the Ministry of Finance of Montenegro on a retail government bond offering that raised EUR 49.87 million from citizens, residents and Montenegrin companies. The bonds mature in November 2027, carry a fixed 3.75% annual interest rate and were available from EUR 500. The issuance took place in two subscription rounds in November."

Moravcevic Vojnovic and Partners, in cooperation with Schoenherr, advised the Ministry of Finance of Montenegro on a retail government bond issuance that raised EUR 49.87 million from citizens, residents and Montenegrin companies. The issuance was carried out in two subscription rounds. Between 3 and 18 November individuals subscribed EUR 22.18 million, followed by EUR 27.69 million subscribed by companies between 24 and 28 November. The bonds mature in November 2027, feature a fixed annual interest rate of 3.75% and were available with a minimum investment amount of EUR 500. Schoenherr represented the Ministry of Finance of Montenegro with a team composed by: Partner Nikola Babic and Attorney at Law Petar Vucinic. Moravcevic Vojnovic and Partners represented the Ministry of Finance of Montenegro.
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