Ministry Of Finance Of Georgia Treasury Bill Auction Results

March 01, 2017 - Cbonds

 

On March 1, 2017, securities in the amount of GEL 50 000 000 with a maturity of 364-days were sold at the Ministry of Finance Treasury Bill Auction.
Six commercial banks participated in the auction. The total demand amounted to GEL 105 500 000. Minimum yield was 7.550%, maximum yield was 7.850% and the weighted average yield was fixed at 7.788%.
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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
47 issuesGEL2,326,520,000
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.)03/24/2017
Fitch RatingsBB-/StableLT Int. Scale (local curr.)03/24/2017
National Rating AgencyiBB-/StableGlobal scale09/30/2016