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Ministry of Finance Sold GEL 50 MLN Benchmark Bonds Last Week

ფინანსთა სამინისტრო ფასადი

The Ministry of Finance sold 10-year GEL 30.0mn (USD 11.0mn) benchmark bonds at the auction held at NBG on November 12, 2024, - according to the report published by Galt&Taggart.

Total demand was 2.3x higher and the weighted average yield was fixed at 8.460%, up by 0.099ppts from previous auction held in Oct-24. 1-year GEL 20.0mn (US$ 7.3mn) T-bills were sold at the auction held at NBG on November 12, 2024.

Total demand was 3.0x higher and the weighted average yield was fixed at 7.624%, down by 0.071ppts from previous auction held in Oct-24.

The nearest treasury security auction is scheduled for November 19, 2024, where GEL 75.0mn nominal value 6.7-year Benchmark Bonds will be sold.

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