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

YEREVAN, August 25, / ARKA /. Armenia’s Central Bank said it has auctioned today 500 million drams worth short-term government bonds of AMGT1324B142 issue with a maturity of 13 weeks.

It said a total of 845 million drams worth bids had been submitted, all competitive.

Three dealers were said to take part in the auction of bonds with weighted average yield of 7.0244%, and 7.0492% cut-off point. ($ 1 – 409.27 drams). -0-

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