Central bank of Armenia places benchmarking government bonds for 2 BN drams
YEREVAN, September 3. /ARKA/. The Central Bank of Armenia (CBA) placed mid-term benchmarking government treasury coupon bonds for a total of 2 billion drams Thursday. The bonds placed were of AMGN60147141 series with a five-year-maturity period.
According to the press release, total volume of the bids submitted was 4,765 million drams, including 300 million drams in non-competitive bids.
Five dealers participated in the auction. Weighted average yield of bonds was 10.1957% p.a. with yield of highest accepted bids at 10.36%. Earlier, the issue was announced to total 2 billion Drams.
Coupon yield is set at 12.5% p.a. and is calculated in relation to bonds in circulation. Coupon payments are made once every half a year.
Retirement of the bonds is scheduled for July 14, 2014.
Minimal demand per bond is 10,000 Drams with the increment at 1,000 Drams.
Total volume of the planned placement of the series is 40 billion drams. ($1=376.06drams). N.V. –0--