Central bank auctions 12 billion drams worth long-term government bonds

10.06.2016 11:59
Central bank auctions 12 billion drams worth long-term government bonds

YEREVAN, June 10. /ARKA/. On June 9 Armenia’s Central Bank auctioned 12 billion drams worth long-term government bonds of AMGB2029A362 issue maturing before October 29, 2036.

The Central Bank said a total of 32.2 billion drams worth bids had been submitted, of which 29.5 billion drams worth bids were competitive.

Seven dealers were said to have taken part in the auction of bonds with average weighted yield of 16.4361% and 16.6800% cut-off point. Profit after placement amounted to 9,760,704,417 drams ($ 1 - 478.87 drams).  -0--


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