Central Bank of Armenia places 600 million drams worth short-term government treasury bonds

Capital market

YEREVAN, April 21, /ARKA/. The Central Bank of Armenia (CBA) said it has placed today 600 million Drams worth short-term government treasury bonds of AMGT11077110 series with an 11 week maturity period.

The CBA said a total of 915 million Drams worth bids had been made, all competitive. Four dealers took part in the auction. The average yield on a bond was 9.03%, the cutoff point was 9.19%. The Central Bank said earlier it would place one billion worth bonds. ($1 – 376.84 Drams). -0-

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