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Armenian Central Bank auctions 0.5 billion drams worth short-term bonds

YEREVAN, March 24. / ARKA /. Armenia’s Central Bank has auctioned today 500 million drams worth short-term government (treasury) bonds of AMGT13236144 issue maturing in 13 weeks.

It said the amount of submitted bids stood at 692 million drams, of which 677 million drams were competitive bids.

Four dealers participated in the auction of bonds with weighted average yield of 7.8301 % and 7.8686 % cut-off point. The profit after placement was said to amount to 490,295,659 drams ($ 1 – 414.37 drams). -0-

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