Central Bank places one billion drams worth short-term government bonds

Capital market

YEREVAN, September 27, /ARKA/. Armenia’s Central Bank said it has placed today one billion Drams worth short-term government bonds of AMGT23073115 series with a 23 week maturity period.

According to a press release by the bank, the amount of bids was 1.859 billion Drams, including 100 million Drams of non-competitive bids of the Treasury Depository. Ten dealers took part in the auction. The average weighted yield on a bond was 11.299.8% with a cutoff point of 11.400.0%. ($1 – 362.25 Drams. M.M. -0-

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