Armenian Central Bank floats short-term government treasury bonds worth 1.38 bln drams

YEREVAN, May 6. /ARKA/. The Central Bank of Armenia placed short-term government treasury bonds worth a total of 1.38 billion drams Monday.

Redemption period of these AMGT52055140 bonds is 52 weeks, the press office of the Bank reports.

Bids amounted to a total of 1.38 billion drams (all under competitive bids).

Four dealers took part in the auction. Average bond yield was 9. 3940% with the cutting point at 9.4997%. Profit after placement totaled 1,262,118,573 drams. ($1=413.97drams). –0–