Finance Ministry Sells GEL 80 Mln Bonds

On November 24, the Ministry of Finance of Georgia sold five-year treasury notes worth GEL 80 million (USD 24 million) at the treasury securities auction.

The National Bank of Georgia (NBG ) stated that six commercial banks participated in the auction, with total demand amounting to GEL 155,617, 000 (USD 47 million).

At the auction, the minimum interest rate stood at 8.240%, the maximum rate at 8.280%, while the weighted average rate yielded 8.265%.

Coupons will be paid semiannually at the rate of 9.125%, NBG added.

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


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