Economy
Posted:
4 years ago
Government Takes Internal Debts of 130 million GEL
On June 2 the Government of Georgia held two auctions and took internal dents of 130 million GEL, namely, sold Treasury Notes of 70 million GEL and Treasury Bills of 50 million GEL.
Treasury Bills Auction:
“On June 2, 2020, the Finance Ministry sold 182-day securities worth 50 million GEL at the T-bills auction.
Seven commercial banks took part in the auction. The initial demand constituted 111.5 million GEL. The lowest interest rate made up 8.55, the highest 8.740% and the average weighed 8.665%”, the National Bank’s website reads.
Treasury Notes Auction:
On June 2, 2020, GEL 70 000 000 2-year Ministry of Finance Treasury Notes were sold at the Auction held at NBG.
Six commercial banks participated in the auction. The total demand amounted to GEL 148 650 000. Minimum yield was 8.300%, maximum yield was 8.790% and the weighted average yield was 8.752%.
The coupon rate was 9.375%. Coupons will be paid semi-annually.