Ministry of Finance of Georgia Treasury Note Auction Results
On February 12, 2014, GEL 23 450 000 2-year Ministry of Finance Treasury Notes were sold at the Auction held at NBG.
Four commercial banks participated in the auction. The total demand amounted to GEL 23 650 000. Minimum yield was 6.100%, maximum yield was 7.480% and the weighted average yield was fixed at 6.806%.
The coupon rate was 6.8%. Coupons will be paid semiannually.
According to the "program for providing the economy with efficient facility to obtain long term resources", GEL 43 917 000 2-year Ministry of Finance Treasury Notes were sold at the Auction with the average yield at 6.806%. Participated thirteen commercial banks.