Armenia’s Central Bank auctions 500 million drams worth short-term government bonds

24.02.2014 20:12
Armenia’s Central Bank auctions 500 million drams worth short-term government bonds

YEREVAN, February 24. / ARKA /. Armenia’s Central Bank said it today has auctioned 500 million drams worth short-term government (treasury) bonds of AMGT13265143 issue maturing in 13 months.

A total of 675 million drams worth bids had been submitted, of which 605 million drams were competitive bids, the regulator said.

Three dealers were said to have taken part in the auction of bonds with weighted average yield of 7.8382 % and 7.8774 % cut-off point. Profit after placement was said to have amounted to 490,285,856 drams ($ 1 - 412.75 drams). -0 -


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