Two-year securities worth GEL 80 million were sold at the Ministry of Finance Treasury Bill Auction, the National Bank of Georgia announced on August 2.
According to the NBG, four commercial banks participated in the auction. The total demand amounted to GEL 220 250 000. The minimum yield was 9.750%, the maximum amounted to 9.860%, and the weighted average yield was 9.846%. The coupon rate was 9.875%. Coupons will be paid twice a year.
NBG says that, in addition, the securities worth GEL 20 million, with a maturity of 182 days, were sold. Five commercial banks participated in the auction. The total demand amounted to GEL 44 million. The minimum yield was 10.390%, the maximum yield amounted to 10.390%, and the weighted average yield was 10.390%.