05.May .2020 17:52

GEL 70 000 000 2-year Ministry of Finance Treasury Notes were sold at the Auction – demand was twice higher

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On, 2020, May 5 GEL 70 000 000 2-year Ministry of Finance Treasury Notes were sold at the Auction held at NBG.

Six commercial banks participated in the auction. The total demand amounted to GEL 150 500 000.

Minimum yield was 8.720%, maximum yield was 9.330% and the weighted average yield was 8.887%.

The coupon rate was 9.375%. Coupons will be paid semiannually.