Finance Ministry Sells GEL 80 Mln Benchmark Bonds

The Ministry of Finance of Georgia sold benchmark bonds worth GEL 80 million (USD 26.4 million) with a maturity of 364 days on June 9 at the Treasury Bill Auction, according to the Central Bank.

The National Bank of Georgia reported that four commercial banks took part in the auction. Tho overall demand amounted to GEL 154 million (USD 50.8 million) and the weighted average yield neared 8.7 %.

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