Armenia’s central bank auctions 5 billion drams worth mid-term government bonds

11.03.2016 16:47
Armenia’s central bank auctions 5 billion drams worth mid-term government bonds

YEREVAN, March 11. /ARKA/. Armenia's Central Bank said it had auctioned on March 10 some 5 billion drams worth mid-term government bonds of AMGN36294183 series maturing before April 29, 2018.

It said a total of 14.336 billion drams worth bids had been submitted, of which 12 billion 685 million drams worth bids were competitive.

Seven dealers were said to have taken part in the auction of bonds with average weighted yield of 13.8786% and 14.1900% cut-off point. Profit after placement was 4,723,881,975 drams ($1 - 409.9 drams). -0-


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