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Armenia’s Central Bank places mid-term government bonds worth 3bln drams

Capital market
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YEREVAN, July 9. /ARKA/. The Central Bank of Armenia (CBA) placed mid-term government (treasury) bonds worth 3 billion drams.

The bonds are of AMGN60294190 series and are to be redeemed till April 29, 2019, the press office of the central bank reported.

Total bid volume is 7,846 million drams, including 7,136 million drams under competitive bids.

A total of seven traders participated in the auction. Average weighted bond yield was 10.3712%, with cutting point at 10.48%. Profit after placement amounted to 2,781,059,189 drams ($1=407.55drams).–0-

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