BAKU, Azerbaijan, April 5. Some 20 million Georgian lari ($6.4 million) worth of securities with a maturity of 182-days was sold at Georgia’s Ministry of Finance Treasury Bill Auction on April 5, 2022, Trend reports via the National Bank of Georgia (NBG).
According to the NBG, four commercial banks participated in the auction. The total demand amounted to 48 million Georgian lari ($15.5 million). The minimum yield was 10.9 percent, the maximum - was 11.1 percent, and the weighted average yield was 11.008 percent.
Meanwhile, 70 million Georgian lari ($22.6 million) worth of the Finance Ministry’s treasury notes were sold at the Auction held at the NBG on April 5.
According to the report, four commercial banks participated in the auction. The total demand amounted to GEL 139.45 million Georgian lari ($45.1 million). The minimum yield was 10 percent, the maximum yield was 10.85 percent, and the weighted average yield was 10.73 percent. The coupon rate was 9.875 percent. Coupons will be paid semiannually.
---
Follow the author on Twitter: @mariiiakhm