Central Bank auctions 500 million dram worth short-term bonds

Banks

YEREVAN, January 16. /ARKA/. The Central Bank of Armenia said it has auctioned today 500 million Drams worth short-term government treasury bonds of AMGT3915A129 issue with a 39- week maturity period.

According to a Central bank press release, the total volume of submitted bids amounted to 1.187 billion drams, of which 1.137 billion drams were competitive bids. The Treasurer’s depository submitted a 50 million noncompetitive bid.

Four dealers were said to take part in the auction of bonds with weighted average yield of 10.7574% and 10.9700% cut-off point. ($1 – 388.16 AMD).-0-

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