Announced Treasury Securities Auctions


    Georgian Treasury Securities Issue Announcement (Reopening)

     

    Auction Number           23
    ISIN           GETC31725061
    Term of Security            2654 Days
    Security Description           7Y T-Note
    Nominal Value           1 000 ₾
    Offering Amount           75 000 000 ₾
    Currently Outstanding           225 000 000.00 ₾
    Coupon Rate           8.375%
    Auction Date           16-Apr-24
    Settlement Date           18-Apr-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 }, {NI AUC } by 2pm. 4. All times Tbilisi time, GMT+4. Georgia does not observe daylight-savings.