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How did today's auction of Finance Ministry end?

How did today's auction of Finance Ministry end?
How did today's auction of Finance Ministry end?

On July 14, 2020, at a treasury liabilities auction of the Ministry of Finance of Georgia, securities with a nominal value of GEL 50,000,000 were sold.

The circulation period of the securities is 364 days.

Seven commercial banks took part in the process.

The initial price of the lot was 94,000,000 GEL.

The minimum interest rate equaled 8.100%, while the maximum was 8.350%, and the weighted average rate hit 8.295%.

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