Finance Ministry Sells GEL 80 Mln Benchmark Bonds

On June 23, the Ministry of Finance of Georgia sold 5-year benchmark bonds worth GEL 80 million (USD 24.4 million) at the Treasury Bill Auction, according to the National Bank of Georgia (NBG).

The Central Bank reported that a total of eleven commercial banks bidded at the auction. The overall demand reached GEL 167 million (USD 51,1 million).

Minimum yield equaled 8.53%, maximum yield stood at 8.73%, and the weighted average yield was in the region of 8.668%.

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