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Georgia's sovereign bonds continue downward trend on London Stock Exchange

Georgia Materials 28 February 2022 11:55 (UTC +04:00)
Georgia's sovereign bonds continue downward trend on London Stock Exchange

BAKU, Azerbaijan, Feb. 28

By Maryana Akhmedova – Trend:

The value of Georgia's sovereign bonds on the London Stock Exchange fell by 4.28 percent over the past week to $92.14 with a yield of 4.87 percent, Trend reports, citing Galt & Taggart investment bank.

According to the bank, the value of Eurobonds of the Bank of Georgia increased by 0.73 percent over the week, the auction closed with a yield of 2.22 percent at the price of 105.19 points.

Transactions on Eurobonds of Georgia Capital closed at 100.43 points with a yield of 5.90 percent, during the week the price decreased by 0.57 percent.

The value of Eurobonds of the Georgian Railway over the past week decreased by 1.35 percent to 95.49 points, the yield was 4.84 percent.

According to Galt & Taggart, the price of shares of Bank of Georgia on the London Stock Exchange decreased by 10.76 percent over the week and amounted to 13.44 pounds per share. Transactions were made for the purchase and sale of more than 1 million securities of the bank, while the price fluctuated in the range of 12.38-15.10 pounds per share.

TBC Bank shares decreased in price by 18.67 percent to 12.20 pounds per share over the week. Transactions were made for the purchase and sale of 334,000 securities of the bank, while the price fluctuated in the range of 12.10-14.88 pounds per share.

The price of shares of Georgia Capital for the week decreased by 12.81 percent and amounted to 5.65 pounds per share. Transactions were made for the purchase and sale of 1.7 million securities, while the price fluctuated in the range of 5.57-6.47 pounds.

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