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

YEREVAN, September 2. / ARKA /. The Central Bank of Armenia said today it had auctioned September 2 some 500 million drams worth short-term government bonds of AMGT52318159 issue with a maturity of 52 weeks.

It said also a total of 640.4 million drams worth bids had been submitted, of which 640 million drams were competitive bids.

Three dealers were said to have participated in the auction of bonds with weighted average yield of 7.5244%, and 7.5492% cut-off point. Profit after placement was said to have amounted to 464,649,338 drams. ($ 1 – 411.26 drams). -0

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