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Georgia sees increase in sovereign bonds value on London Stock Exchange

Georgia Materials 23 March 2022 10:10 (UTC +04:00)
Georgia sees increase in sovereign bonds value on London Stock Exchange
Maryana Ahmadova
Maryana Ahmadova
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BAKU, Azerbaijan, March 23. The value of Georgia's Sovereign Eurobonds on the London Stock Exchange increased by 2.67 percent over the past week to 83.67 points with a yield of 7.46 percent, Trend reports, citing Galt & Taggart investment bank.

According to the bank, the value of Eurobonds of the Bank of Georgia decreased by 0.62 percent over the week, the auction closed with a yield of 7.01 percent at the price of 98.71 points.

Transactions on Eurobonds of Georgia Capital closed at 96.57 points with a yield of 8.05 percent, during the week the price decreased by 0.35 percent.

The value of Eurobonds of the Georgian Railway over the past week increased by 0.99 percent to 89.23 points, the yield was 6.10 percent.

According to Galt & Taggart, the price of shares of Bank of Georgia on the London Stock Exchange increased by 3.34 percent over the week and amounted to 11.76 pounds per share. Transactions were made for the purchase and sale of 492,000 securities of the bank, while the price fluctuated in the range of 10.98-12.48 pounds per share.

TBC Bank shares increased in price by 3.52 percent to 10.60 pounds per share over the week. Transactions were made for the purchase and sale of 399,000 securities of the bank, while the price fluctuated in the range of 9.69-10.82 pounds per share.

Meanwhile, the price of shares of Georgia Capital for the week increased by 11.96 percent and amounted to 5.99 pounds per share. Transactions were made for the purchase and sale of 371,000 securities, while the price fluctuated in the range of 5.13-5.99 pounds.

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