Central Bank of Armenia auctions 3 billion drams Government treasury benchmark bonds

Capital market

YEREVAN, March 19. /ARKA/. The Central Bank of Armenia said it had auctioned today 3 billion drams worth mid-term government treasury benchmark bonds of AMGN60294174 issue with a maturity period of up to April 29, 2017.

It said the amount of submitted bids was 8.28 billion drams, of which 7.56 billion drams were competitive bids.

Seven dealers were said to take part in the auction. The weighted average yield on bonds was 15.2780% and the cutoff point was 15.3200%. The proceeds from auctioning amounted to 2, 759, 703, 279 drams. ($ 1 – 414.52 drams). -0 –

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