According to the National Bank of Georgia, On November 12, 2019, securities in the amount of GEL 70 000 000 with a maturity of 182-days were sold at the Ministry of Finance Treasury Bill Auction.
Five commercial banks participated in the auction. The total demand amounted to GEL 135 630 000. Minimum yield was 8.710%, maximum yield was 9.070% and the weighted average yield was 8.971%.
It should be noted that on the same day, GEL 70 000 000 2-year Ministry of Finance Treasury Notes were sold at the Auction held at NBG.
Four commercial banks participated in the auction. The total demand amounted to GEL 124 605 000. Minimum yield was 9.000%, maximum yield was 9.500% and the weighted average yield was 9.281%.
The coupon rate was 6.750%. Coupons will be paid semiannually.
