350-day treasury bills (T-bills) worth 10 million GEL were sold at the Georgian Finance Ministry T-bill auction on June 16. The initial demand equaled 10 million GEL.
One commercial bank acquired the securities.
The minimum, maximum and average weighed interest rates per T-bill made up 12 percent.
Under the plan of the Georgian Finance Ministry for issuing securities, the June 16 trading session was to sell T-bills worth 20 million GEL, but the T-bill interest rate hiked following the currency market recent tendencies in Georgia.