Finance Ministry Sells GEL 80 Mln Benchmark Bonds

On May 25, the Georgian Ministry of Finance has sold benchmark bonds with nominal value of GEL 80 million (USD 25 million) and maturity of 5 years, at the auction of state securities. 

According to the Ministry, six commercial banks took part in the auction, and the overall demand equaled to GEL 164,45 million (USD 51,5 million).

It also noted that the minimum interest rate at the auction equaled to 8,75%, maximum – 9,26%, and average – 9,111%.

This post is also available in: ქართული (Georgian) Русский (Russian)

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