Announced Treasury Securities Auctions


    Treasury Securities Issue Announcement

    Auction Number           5
    ISIN           GETC32C23050
    Term of Security            2891 Days
    Security Description           8Y T-Note
    Nominal Value           1 000 ₾
    Offering Amount           50 000 000 ₾
    Currently Outstanding           0. 00 ₾
    Auction Date           21-Jan-25
    Settlement Date           23-Jan-25
    Maturity Date
    		           23-Dec-32
    Coupon Dates  
    06/23/25
    12/23/27
    06/23/30
    12/23/32    		 12/23/25
    06/23/28
    12/23/30    		 06/23/26
    12/23/28
    06/23/31    		 12/23/26
    06/23/29
    12/23/31    		 06/23/27
    12/23/29
    06/23/32
    Min. Competitive Bid           GEL 50 000
    Max. Non-Competitive Bid           GEL 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.