Announced Treasury Securities Auctions
| Auction Number | 59 | |||||
| ISIN | GETC31725061 | |||||
| Term of Security | 2472 Days | |||||
| Security Description | 7Y T-Note | |||||
| Nominal Value | 1 000 ₾ | |||||
| Offering Amount | 75 000 000 00 ₾ | |||||
| Currently Outstanding | 706 316 000 ₾ | |||||
| Coupon Rate | 8.375% | |||||
| Auction Date | 15-Oct-24 | |||||
| Settlement Date | 17-Oct-24 | |||||
| Maturity Date |
25-Jul-31 | |||||
| Coupon Dates | 01/25/27 07/25/29 |
01/25/25 07/25/27 01/25/30 |
07/25/25 01/25/28 07/25/30 |
01/25/26 07/25/28 01/25/31 |
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| Min. Competitive Bid | GEL 50 000 | |||||
| Max. Non-Competitive Bid | GEL 50 000 | |||||
| Max. Own Bid - Commercial Bank | 75% of total Issue | |||||
| Max. Bid - Single Client | 75% of total Issue | |||||
| Primary Auction Platform | Bloomberg BAS | |||||
| Participants | Georgian Commercial Banks | |||||
| Auction Method | Multiple Price | |||||
| Bids Submission Starting Time | 11:45 a.m. | |||||
| Bids Submission Closing Time |
12:00 p.m | |||||
| Coipon Frequency | Semiannual |
1. The auction participants must be familiar with and accept the terms and conditions of the “Regulation on the Issue, Circulation, Registration and Redemption of Treasury Bills and Treasury Notes Issued by the Ministry of Finance of Georgia” and confess mandatory execution of this regulation;
2. The coupon of the T-Note will be determined by rounding the weighted average interest rate of the auction to 1/8 summand;
3. The auction results will be published on web-sites of the National Bank of Georgia and the Ministry of Finance of Georgia, by 6pm of the auction day and in Bloomberg: {NBGB <GO>}, {NI AUC <GO>} by 2pm.
4. All times Tbilisi time, GMT+4. Georgia does not observe daylight-savings.