Central Bank auctions 0.5 billion dram worth bonds

Capital market

YEREVAN, June 3. / ARKA /. Armenia’s Central Bank said it had auctioned today 500 million drams worth government treasury bonds of AMGT52026141 issue with a maturity period of  52 weeks.

It said the amount of bids was about 1.6 billion drams, of which 1.55 billion drams were competitive bids. Six dealers were said to take part in the auction of bonds  with average yield of  9.3243% and 9.4664% cut-off point. After –placement profit made 456.9 million drams. ($ 1 – 417.19 drams).  -0-

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