Finance Ministry Sells GEL 80 Mln Benchmark Bonds

On September 22, the Ministry of Finance of Georgia sold 5-year benchmark bonds worth GEL 80 million (USD 25 million), according to the National Bank of Georgia. NBG stated that 5 commercial banks participated in the auction, with total demand amounting to GEL 151.5 million (USD 47 million). The minimum interest rate stood at 8.280%; … https://civil.ge/archives/369597 #news #ministry_of_finance #national_bank_of_georgia_(nbg) #treasury_securities