Armenian Securities Exchange today has held the placement and buyback auctions of government bonds totaling AMD 26 billion.

In particular, the volume of auction placement of government bonds (ISIN AMGB3129A504) amounted to AMD 21 billion, with the demand surpassing AMD 67.6 billion. The maturity period of bonds is 31 years. The weighted average yield of the auction is 10.1188%, and the annual yield of the coupon is 9.75%.

This demonstrates the trust toward financial market’s stability and attractiveness and the Armenian government’s bonds.

Interestingly enough, investors continue making investment in Armenian long-term government bonds notwithstanding the relative stability yield.

Armenian Treasury bonds are available not only on AMX’s trading platform but also via the Finance Ministry’s gp.minfin.am retail platform which is operated by AMX,” the Exchange said in a press statement.