The placement and buyback auctions of government issued bonds totalling AMD 28 billion took place on Armenian Securities Exchange on February 8. In particular, the volume of auction allocation of government bonds (ISIN AMGN60294268) amounted to AMD 25 billion, with the demand surpassing AMD 64 billion.
The maturity period of bonds is 5 years. The weighted average yield of the auction is 9.84%, and the annual yield of the coupon is 7%. This highlights the stability of the financial market, its attractiveness, and confidence in the bonds of the Government of the Republic of Armenia.
To buy government bonds there are two markets (Primary and secondary). The primary market can be accessed through dealers who are listed on the website of the Ministry of Finance of Armenia.
The scondary market is accessed through Exchange members or market participants.
Check out the full report on Armenpress.
