Central bank auctions 4 billion drams worth mid-term bonds

20.01.2016 19:09
Central bank auctions 4 billion drams worth mid-term bonds

YEREVAN, January 20. /ARKA/. Armenia’s Central Bank said today it had auctioned January 19 some 4 billion drams worth mid-term government bonds of AMGN36294183 issue maturing before April 29, 2018.

It said also a total of 7.370 billion drams worth bids had been submitted, including 7 billion drams worth competitive bids.

The auction was attended by 7 dealers. The weighted average yield on a bond was 14.3356%; the cut-off point was 14.63%. Profit after placement was said to have amounted to 3,676,702,965 drams ($ 1 - 485.87 drams). -0-


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