Central Bank auctions 0.5 billion drams worth short-term bonds

25.11.2013 19:15
Central Bank auctions 0.5 billion drams worth short-term bonds

YEREVAN, November 25. / ARKA /. Armenia’s Central Bank said it has auctioned today 500 million drams worth short-term (treasury) government bonds of AMGT13242142 issue maturing in 13 weeks.

It said 730 million drams worth bids had been made, of which 675 million drams bids were competitive.

Five dealers were said to have taken part in the auction of bonds with average weighted yield of 8.3426% and 8.3885% cut-off point. Profit after placement amounted to 489,673,681 drams, the regulator said. ($ 1 - 404.64 drams). -0-


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