Finance Ministry Sells GEL 80 Mln Benchmark Bonds

On July 28, the Ministry of Finance of Georgia sold 5-year benchmark bonds worth GEL 80 million (USD 26 million) on Treasury Securities Auction.

The Ministry noted that a total of four Banks bidded at the auction. The overall demand reached GEL 141.5 million (USD 46 million).

The minimum rate stood at 8.44%, the maximum rate equaled 8.69%, and the weighted average yielded 8.556%.

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