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CBA Paces Mid-Term Government (Treasury) Coupon Bonds Worth AMD 1.5b

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  • CBA Paces Mid-Term Government (Treasury) Coupon Bonds Worth AMD 1.5b

    CBA PLACES MID-TERM GOVERNMENT (TREASURY) COUPON BONDS WORTH AMD 1.5BLN

    ARKA News Agency, Armenia
    April 19 2006

    YEREVAN, April 19. /ARKA/. Central Bank of Armenia placed mid-term
    government (treasury) coupon bonds worth AMD 1.5bln on Tuesday. The
    CBA press service told ARKA News Agency that AMGN48184109 are
    placed. According to the press release, total amount of applications
    made AMD 2225550 thousand, of which AMD 128200 thousand on agents'
    non-competitive applications. As many as 6 dealers and 6 agents
    took part in the bids. The bonds' average yield made 6,5267% with
    maximum 6,8990%.

    It should be reminded that the emission announced earlier was equal to
    AMD 1.5bln. Coupon yield was initially set at 7% annual interest rate
    and calculated taking into account the bonds in circulation. ($1 =
    AMD 450.15).
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