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Ministry Of Finance Of Georgia Sold 20 Mln Treasury Notes

Ministry Of Finance Of Georgia Sold 20 Mln Treasury Notes

On July 20, 2016, GEL 20 000 000 5-year Ministry of Finance (MOF) Treasury Notes were sold at the Auction held at NBG.

Three commercial banks participated in the auction. The total demand amounted to GEL 51 mln.

Minimum yield was 8.390%, maximum yield was 8.680% and the weighted average yield was fixed at 8.669%.

The coupon rate was 11.750%. Coupons will be paid semiannually.

Source: NBG