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NBG shares results of Treasury note auction of the Ministry of Finance

By Messenger staff
Thursday, August 1
According to the information of the National Bank of Georgia (NBG), 15, 000, 000 GEL 2-year Treasury Notes of the Ministry of Finance were sold at the Auction held at the NBG on July 31, 2013.

Five commercial banks participated in the auction. The total demand amounted to GEL 31, 000, 000. Minimum yield was 5.680%; maximum yield - 5.920%; while the weighted average yield was fixed at 5.868%.

The coupon rate was 5.8%. Coupons will be paid semiannually.

Certificates of Deposit (CD) at the nominal value of 50 000 000 GEL were also sold at the 91-day, NBG CD Auction. Five commercial banks have purchased the securities. The minimum interest rate was 4.03%, the maximum interest rate was 4.52%, and the average weighted interest rate was 4.28%.