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Central bank auctions 0.5 billion drams worth short-term bonds

YEREVAN, July 20. / ARKA /. Armenia’s Central Bank said today it has auctioned 500 million drams worth short-term government bills of AMGT26181162 issue maturing in 26 weeks.

It said a total of 1.218 billion drams worth bids had been submitted, including 1.192 billion drams worth competitive bids.

Three dealers were said to attend the auctions of bonds with weighted average yield of 11.8562% and 11.89% cut-off point. Profit after placement was 471,724 890 drams. ($ 1 – 480.33 drams). -0-

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