Announced Treasury Securities Auctions

     

    Treasury Securities Issue Announcement (Reopening)

    Auction Number         29
    ISIN         GETC32C23050
    Term of Security          2772 Days
    Security Description         8Y T-Note
    Nominal Value         1 000 ₾
    Offering Amount         50 000 000 ₾
    Currently Outstanding         403 112 000 ₾
    Coupon Rate         8.750%
    Auction Date         20-May-25
    Settlement Date         22-May-25
    Maturity Date
    		         23-Dec-32
    Coupon Dates

    06/23/25
    12/23/27
    06/23/30
    12/23/32

    12/23/25
    06/23/28
    12/23/30

    06/23/26
    12/23/28
    06/23/31

    12/23/26
    06/23/29
    12/23/31

    06/23/27
    12/23/29
    06/23/32
    Min. Competitive Bid         50,000 ₾
    Max. Non-Competitive Bid         50,000 ₾
    Max. Own Bid - Commercial Bank         75% of total Issue
    Max. Bid - Single Client         75% of total Issue
    Primary Auction Platform         Bloomberg BAS
    Participants         Georgian Commercial Banks
    Auction Method         Multiple Price
    Bids Submission Starting Time         11:45 a.m.
    Bids Submission Closing Time         12:00 p.m.
    Coupon Frequency         Semiannual

     

     

    1. The auction participants must be familiar with and accept the terms and conditions of the “Regulation on the Issue, Circulation, Registration and Redemption of Treasury Bills and Treasury Notes Issued by the Ministry of Finance of Georgia” and confess mandatory execution of this regulation;
    2. The coupon of the T-Note will be determined by rounding the weighted average interest rate of the auction to 1/8 summand;
    3. The auction results will be published on web-sites of the National Bank of Georgia and the Ministry of Finance of Georgia, by 6pm of the auction day and in Bloomberg: {NBGB <GO>}, {NI AUC <GO>} by 2pm.
    4. All times Tbilisi time, GMT+4. Georgia does not observe daylight-savings.

     

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