YEREVAN, October 20. / ARKA /. Armenia’s Central Bank has auctioned today 500 million drams worth short-term government bonds of AMGT26204154 issue maturing in 26 weeks.

The Central Bank said a total of 1.12 billion drams worth bids had been submitted, including 1.06 billion drams worth competitive bids.

Three dealers were said to have taken part in the auction of bonds with weighted average yield of 6.9910%, and 7.0217% cut-off point. Profit after placement was said to amount to 482,931,565 drams. ($ 408.48 drams). -0