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The Secondary Market of Securities is "Frozen"

The Secondary Market of Securities is “Frozen”

According to the statistics of National Bank of Georgia (NBG), trade volume does not exceed 50,2 million GEL at the secondary market of securities and the deal has not been made since May.

To note, over 78%, 33,9 million GEL (nominal value) is made on the securities of NBG, annual rate – 4,55%; 4,6%.

The rest comes for the government securities, at that 10 million GEL is with a year maturity, annual rate 4,5%. To note, 6,8 million is long term securities, which should be paid in 2016; 2017; 2019 and 2020, respectively the rate amounts to 6,8%-10%.

The final 5 deals have been fixed on the government securities on April 29, while the highest interest rate – 10,02% should be paid on January 20, 2020.According to the statistics of NBG on the secondary market, 3 times more deals – over 140 million GEL are made in 2014.

Author: Nino Shubitidze