Central bank auctions 3 billion drams worth short-term government bonds

29.08.2016 17:02
Central bank auctions 3 billion drams worth short-term government bonds

YEREVAN, August 29. /ARKA/. Armenia’s Central Bank has auctioned today 3 billion drams worth nine-week government bonds of AMGT0928A165 issue.

It said a total of 5 100 billion drams worth bids had been submitted, of which 4 700 billion drams worth bids were competitive.

The auction was attended by four dealers. The weighted average yield on a bond was 7.4460% with 7.4800% cut-off point. Profit after placement was 2,961,411,504 drams ($ 1 – 474.85 drams). --0---


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