Baku, Azerbaijan, July 24
By Tamilla Mammadova – Trend
Five-year treasury notes of the Ministry of Finance of Georgia in the amount of 50,000,000 lari were sold at the auction held by National Bank of Georgia (NBG) on July 23, 2019, Trend reports via the National Bank of Georgia.
Three commercial banks participated in the auction. The total demand amounted to 113,780,000 lari. The minimum yield was 6.9 percent, the maximum yield was 7.07 percent and the weighted average yield was 6.98 percent.
The coupon rate was 7 percent. Coupons will be paid semiannually.
(1 USD = 2,88 GEL on July 24)