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National Bank of Georgia issues 7-day refinancing loans of $765.3M

Finance Materials 22 October 2019 11:11 (UTC +04:00)

BAKU, Azerbaijan, October 22

By Tamilla Mammadova – Trend:

National Bank of Georgia (NBG) issued 7-day refinancing loans of 2.3 billion lari ($765.3 million), Trend reports referring to the Georgian investment company Galt&Taggart.

Meanwhile, 10-year 30 million lari ($10.1 million) Benchmark Bonds of Georgian Ministry of Finance were sold at the auction held at NBG. The weighted average yield was fixed at 9.6 percent.

The nearest treasury security auction is scheduled for October 22, 2019, where 70 million lari ($23.6 million) nominal value 5-year Benchmark Bonds will be sold.

Bank of Georgia Group Eurobonds (GEBGG) closed at 5.01 percent yield, trading at 103.35 (+0.20 percent week on week).

Georgia Capital Eurobonds (GEOCAP) were trading at 94.88 (+0.17 percent week on week), yielding 7.52 percent. GOGC Eurobonds (GEOROG) were trading at 104.33 (+0.12 percent week on week), yielding 3.77 percent.

Georgian Railway Eurobonds (GRAIL) traded at a premium at 109.73 (+0.09 percent week on week), yielding 3.94 percent. Georgian Sovereign Eurobonds (GEORG) closed at 106.09 (+0.13 percent week on week) at 2.63 percent yield to maturity.

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