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Commercial banks lend Georgian Government 40 million

Commercial banks lend Georgian Government 40 million

According to the National Bank, on today’s fiscal obligations auction by the Ministry of Finance, 364 day bonds with nominal value of 40,000,000 GEL were sold.

Five commercial banks participated in the auction. The demand amounted to 69, 000, 000 GEL, with the minimum interest rate being determined as 6.540 percent, the maximum 7.150 and weighted average interest 7.055 percent.  

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