04 December 2025
press release
montenegro
Montenegro: Schoenherr advises Finance Parties on EUR 450m facility agreement with State of Montenegro
Moravčević Vojnović and Partners in cooperation with Schoenherr advised the Finance Parties (Merrill Lynch International, MUFG Bank, Société Générale, OTP Bank, Erste Group, AKA Ausfuhrkredit-Gesellschaft and Eurobank Private Bank Luxembourg) on a EUR 450m facility agreement with the State of Montenegro as borrower.
The financing was obtained on favourable market terms at an interest rate of around 4.5 % (six-month EURIBOR plus a 2.5 % margin) and has a five-year tenor with semi-annual repayment. The funds will be used exclusively to build fiscal reserves for 2026 and 2027, in line with Montenegro's Budget Law and the 2025 Borrowing Decision. The facility will support timely debt servicing and contribute to maintaining fiscal stability in view of upcoming obligations of approximately EUR 2.2bln.
The Schoenherr team included Nikola Babić (partner) and Petar Vučinić (attorney at law).
Petar
Vučinić
Attorney at Law
montenegro
press contact
Katharina
Falkner
Corporate Communications Manager
austria vienna