Treasury Securities Issue Announcement (Reopening)

 

Auction Number						11
ISIN						GETC34713346
Term of Security						3066 Days
Security Description						11Y T-Note
Nominal Value						1,000.00 ₾
Offering Amount						60,000,000.00 ₾
Currently Outstanding						1,009,367,000.00 ₾
Coupon Rate						8.000%
Auction Date						17-Feb-26
Settlement Date						19-Feb-26
Maturity Date						13-Jul-34
Coupon Dates		07/13/26 01/13/29 07/13/31 01/13/34	01/13/27 07/13/29 01/13/32 07/13/34	07/13/27 01/13/30 07/13/32	01/13/28 07/13/30 01/13/33	07/13/28 01/13/31 07/13/33
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.