...

Non-resident investors' interest in securities issued by Georgian government grows

Business Materials 23 October 2020 11:26 (UTC +04:00)
Non-resident investors' interest in securities issued by Georgian government grows

BAKU, Azerbaijan, October 23

By Tamilla Mammadova – Trend:

Non-resident investors' interest in securities issued by the Georgian government is growing, Trend reports via the TBC Capital.

According to TBC Capital, foreign investors own 587.3 million lari ($182.5 million) worth of treasury bonds and treasury bills.

This is 10.2 million lari ($3.1 million) more than the previous month.

Non-residents' interest in Georgian government securities increased, especially at the end of 2019. For comparison, in September 2019, they owned 200 million government securities, and in February 2020, this amount increased to 623 million.

Since the start of the coronavirus pandemic, investors have sold about $80 million worth of securities. However, that amount has continued to rise in recent months.

---

Follow the author on Twitter: @Mila6197935

Tags:
Latest

Latest