10-year treasury notes sold at auction of National Bank of Georgia
Baku, Azerbaijan, July 17
By Tamilla Mammadova – Trend
Ten-year treasury notes of the Ministry of Finance of Georgia in the amount of 30,000,000 lari were sold at the auction held by National Bank of Georgia (NBG) on July 16, 2019, Trend reports via the National Bank of Georgia.
Three commercial banks participated in the auction. The total demand amounted to 66,520,000 lari. Minimum yield was 8.300 percent, maximum yield was 8.720 percent and the weighted average yield was 8.422 percent.
The coupon rate was 9.375 percent. Coupons will be paid semiannually.
(1 USD = 2,85 GEL on July 17)