Announced Treasury Securities Auctions

    Georgian Treasury Securities Issue Announcement (Reopening)

     

    Auction Number           41
    ISIN           GETC31725061
    Term of Security            2563 Days
    Security Description           11Y T-Note
    Nominal Value           1 000 00 ₾
    Offering Amount           75 000 000 ₾
    Currently Outstanding           481 316 000 ₾
    Coupon rate           8.375%
    Auction Date           16-Jul-24
    Settlement Date           18-Jul-24
    Maturity Date           25-Jul-31
    Coupon Dates   07/25/24
    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
    07/25/26
    01/25/29
    07/25/31
    Min. Competitive Bid      

      50 000 ₾
    Max. Non-Competitive Bid           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.
    Coupon 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.