Announced Treasury Securities Auctions

     

    Georgian Treasury Securities Auction Announcement (Reopening)

     

    Auction Number         4
    ISIN         GETC30423171
    Term of Security 182 Days         3015 Days
    Security Description         10 Year T-Note
    Nominal Value         1000 ₾
    Offering Amount         25 000 000 ₾
    Currently Outstanding         213 750 000 ₾
    Coupon Rate         10.250%
    Auction Date         18-Jan-22
    Settlement Date         20-Jan-22
    Maturity Date         23-Apr-30
    Coupon Dates 10/23/2022
      4/23/2025
    10/23/2027
      4/23/2030
      4/23/2023
    10/23/2025
      4/23/2028
    10/23/2023
      4/23/2026
    10/23/2028
      4/23/2024
    10/23/2026
      4/23/2029
    4/23/2022
    10/23/2024
    4/23/2027
    10/23/2029
    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.