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Commercial Banks Buy 25 million GEL Securities at T-bill Auction

Banking

Commercial Banks Buy 25 million GEL Securities at T-bill Auction

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Five commercial banks have part inside the auction. Their initial demand marked 55 050 000 GEL. The bottom rate amounted to 6.670%, whilst the top interest marked 7.250% and also the averaged weighed rate composed 7.124%.

The coupon rate totaled 7.124%. The coupon payment is going to be performed each, twice yearly.

Additional securities worth 49 998 000?GEL which includes a two-year maturity period were also placed within the Mechanism for Providing Economy by Long-term Resources. The averaged weighed monthly interest composed 7.124%. Ten commercial banks have part from the placement.

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