Finance Ministry Sells GEL 40 Mln Benchmark Bonds

On July 21, the Ministry of Finance of Georgia sold 10-year benchmark bonds worth GEL 40 million (USD 13 million) on Treasury Securities Auction.

The Ministry reported that a total of four banks bidded at the auction. The overall demand reached GEL 76 million (USD 24,7 million).

The minimum rate stood at 8.890%, the maximum rate equaled 9.250%, and the weighted average yield was 9.204%.

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