Announced Treasury Securities Auctions

    Georgian Treasury Securities Issue Announcement

     

    Auction Number           37
    ISIN           GETD25102375
    Term of Security            182 Days
    Security Description           6 Month T-Bill
    Nominal Value           1 000 ₾
    Offering Amount           20 000 000 ₾
    Currently Outstanding           421 399 000 ₾
    Auction Date           02-Jul-24
    Settlement Date           04-Jul-24
    Maturity Date           02-Jan-25
    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           11:30 a.m.
    Bids Submission Closing Time           11:45 a.m.

     

    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.


    Georgian Treasury Securities Issue Announcement
    For PD Pilot Program Member Financial Institutions Only

     

    Auction Number           38
    ISIN           GETC28118049
    Term of Security            1293 Days
    Security Description           5 Year T-Note
    Nominal Value           1 000 00 ₾
    Offering Amount           40 000 000 00 ₾
    Currently Outstanding           2 290 761 000 00 ₾
    Coupon rate           9.375%
    Auction Date           2-Jul-24
    Settlement Date           4-Jul-24
    Maturity Date           18-Jan-28
    Coupon Dates  
    1/18/26
    7/18/26    		 7/18/24
    1/18/27    		 1/18/25
    7/18/27    		 7/18/25
    1/18/28
    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           Primary Dealers
    Auction Method           Multiple Price
    Bids Submission Starting Time           11:45 a.m.
    Bids Submission Closing Time           12:00 p.m.
    Coupon Frequency           Semiannual

     

    Additional 1 Non-competitive Bid Parameters

    Bid Date 3-Jul-24
    Bid Submission Time Interval 12:30 - 13:00
    Bid Amount Max 10% of Winning Bid of Auction
    Bid Rate Weighted Average Yield of an Auction