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Central Bank auctions 3 billion drams worth bonds

YEREVAN, May 8. / ARKA /. Armenia’s Central Bank said it had auctioned today three billion drams worth long-term government (treasury) bonds of AMGB1029A232 issue maturing in 2013 October.

The Central Bank said also a total of 5.4 billion drams worth bids had been made, including 5 billion drams worth competitive bids.

Seven dealers took part in the auction of bonds with weighted average yield of 11.0532 % and 11.4334 % cut-off point. The profit after placement was said to have amounted to 2,824,397,837 drams ($ 1 – 413.29 drams). -0-

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