Ministry Of Finance Of Georgia Treasury Bill Auction Results

January 04, 2017 - Cbonds

 

On January 4, 2017, securities in the amount of GEL 40 000 000 with a maturity of 364-days were sold at the Ministry of Finance Treasury Bill Auction. Five commercial banks participated in the auction.

The total demand amounted toGEL 84 000 000. Minimum yield was 7.300%, maximum yield was 7.650% and the weighted average yield was fixed at 7.510%.
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Issuer: Georgia
Issuer profile:

Georgia is a country in the Caucasus region of Eurasia. Located at the crossroads of Western Asia and Eastern Europe,

Georgia's main economic activities include cultivation of agricultural... more

Outstanding issues:
1 issuesUSD500,000,000
49 issuesGEL2,343,520,000
Issuer rating:
RIA RatingBB-/StableSovereign ratings09/04/2015
Dagong CreditBB-/StableInternational scale rating (foreign curr.)05/31/2016
Dagong CreditBB-/StableInternational scale rating (local curr.)05/31/2016
Organisation for Economic Co-operation and Development (OECD)6/Country Risk Classifications06/24/2016
Moody's Investors ServiceBa3/StableLT- foreign currency03/11/2016
Moody's Investors ServiceBa3/StableLT- local currency03/11/2016
S&P Global RatingsBB-/StableForeign Currency LT05/15/2015
S&P Global RatingsBB-/StableLocal Currency LT05/15/2015
Fitch RatingsBB-/StableLT Int. Scale (foreign curr.)09/30/2016
Fitch RatingsBB-/StableLT Int. Scale (local curr.)09/30/2016
National Rating AgencyiBB-/StableGlobal scale09/30/2016