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Armenia’s Central Bank auctions 500 million drams worth short-term government bonds

YEREVAN, October 27. / ARKA /. Armenia’s Central Bank has auctioned today 500 million drams worth short-term government bonds of AMGT13261159 issue maturing in 13 weeks.

The Central Bank said 1.7 billion drams worth bids had been submitted, including 1.6 billion drams worth competitive bids.

Three dealers were said to have participated in the auction of bonds with weighted average yield of 6.8680% and 6.8937% cut-off point. Profit after placement was said to total 491,467,720 drams. ($ 1 – 409.29 drams). AA -0-

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