GEL 50 million treasury notes sold at NBG auction

GEL 50 000 000 5-year Ministry of Finance Treasury Notes were sold at the Auction held at NBG, the National Bank of Georgia (NBG) told InterPressNews.

According to NBG, three commercial banks participated in the auction. The total demand amounted to GEL 120 980 000. Minimum yield was 6.920%, maximum yield was 7.010% and the weighted average yield was 6.948%.

The coupon rate was 7.000%. Coupons will be paid semiannually.