Central Bank auctions 0.5 billion drams worth short-term bonds

YEREVAN, November 18. / ARKA /. The Central Bank of Armenia said it has auctioned today 500 million drams worth short-term government bills of AMGT26185155 issue maturing in 26 weeks.

It said a total of 1.5 billion drams worth bids were submitted- all competitive.

Three dealers were said to have taken part in the auction of bonds with weighted average yield of 6.9744% and 6.9992% cut-off point. Profit after placement was said to amount to 482,970,596 drams. ($ -1 – 415.7 drams).  -0-

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