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Monday, 24 October 2016


Ministry of Finance to continue emission of treasury bills

2009-12-25 15:43

Georgian Ministry of Finance will continue treasury bills emission next year, said Kakha Sekhniashvili, the head of treasury service of the Ministry of Finance, at today's briefing.


He said next year both volumes and terms of bills will be increased, and alongside with 6-and 12-month bills there will be 2-year ones.

The Ministry resumed the emission on August 5th 2009, issued treasury bills at the sum of GEL 270 mln [appr. USD 161 mln]: 6-month bills at the sum of GEL 190 mln, 12-month ones at the sum of GEL 80 mln.

28 auctions were held in the National Bank, the average interest rate for 6-month bills amounted 5.43 per cent; for 12-month bills - 7.96 per cent.

86 per cent of all treasury bills were purchased by 3 business banks - the Bank of Georgia, TBC, and the Republika bank.


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