Baku, Azerbaijan, September 10
By Tamilla Mammadova – Trend:
Two-year securities in the amount of 20 million lari with were sold at Treasury Bill Auction held by Georgia's Ministry of Finance on September 10, Trend reports referring to National Bank of Georgia.
Four commercial banks participated in the auction.
The total demand amounted to 110 million lari. Minimum yield was 7.150 percent, maximum yield was 7.510 percent, and the weighted average yield was 7.414 percent.
The coupon rate was 6.750 percent. The coupon will be paid twice a year every six months.
National Bank of Georgia is the central bank of Georgia. Its status is defined by the Constitution of Georgia. According to the constitution, it is independent of state control, and is tasked with ensuring price stability.
(1 USD = 2.97 GEL on September 10)