Announced Treasury Securities Auctions

    Georgia Treasury Securities Auction Announcement (Reopening)

     

    Auction Number           50
    ISIN           GETC27127058
    Term of Security            1210 Days
    Security Description           5 Year T-Note
    Nominal Value           1 000 ₾
    Offering Amount           40 000 000 ₾
    Currently Outstanding           1 205 699 000 ₾
    Coupon Rate           9.750%
    Auction Date           03-Oct-23
    Settlement Date           05-Oct-23
    Maturity Date           27-Jan-27
    Coupon Dates  

     


    1/27/26



    1/27/24
    7/27/26


    7/27/24
    1/27/27


    1/27/25


    7/27/25


    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           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  04-Oct-23
    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

                                                                                                                             

     

    Georgian Treasury Securities Issue Announcement  

     

    Auction Number           49
    ISIN           GETD24404491
    Term of Security            182 Days
    Security Description           6 Month T-Bill
    Nominal Value           1 000 ₾
    Offering Amount           20 000 000 ₾
    Currently Outstanding           0 ₾
    Auction Date           03-Oct-23
    Settlement Date           05-Oct-23
    Maturity Date           04-Apr-24
    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.