Armenia’s central bank auctions 1.5 billion drams worth short-term government bonds

05.04.2016 16:14
Armenia’s central bank auctions 1.5 billion drams worth short-term government bonds

YEREVAN, April 4. /ARKA/. Armenia’s Central Bank has auctioned today 1.5 billion drams worth short-term government bonds of  MGT52034178 issue with a maturity period of 52 weeks.
It said a total of 2.25 billion drams worth bids had been submitted, of which 2.205 billion were competitive.

The auction was attended by 4 dealers. The weighted average yield of a bond was 11.2317% and the cut-off point was 11.3000%. Profit after placement was said to have amounted to 1,347,025,389 drams ($ 1 - 480.88 drams). -0-


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