Finance Ministry Sells GEL 50 Mln Bonds

On October 13, the Ministry of Finance of Georgia sold 12-month treasury bills worth GEL 50 million (USD 15.6 million) on the Treasury Securities Auction.

Finance Ministry stated that 3 commercial banks participated in the auction, with total demand amounting to GEL 78 million (USD 24 million).

On the auction, the minimum interest rate stood at 8.061%, the maximum rate at 8.150%, while the weighted average rate yielded 8.123%.

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