The Unprecedented largest auction of government bonds took place at AMX
On 14th of July, The State Treasury of Armenia has successfully raised over 60 billion AMD (USD 123,553,396) via the sale of 10 year bonds at a premium, by auction at AMX. It has been the largest auction of Treasury bonds in Armenia ever. Weighted average yield was 7.92%, with cut-off yield of 8.08%, while the coupon was 9% with semi-annual payments. The demand exceeded the supply by 166%, reaching over AMD 159bn. The bonds were assigned with ISIN AMGB1029A292 identifier.
This issue demonstrates the stability of financial markets and trust towards the Armenian government.
The auction was conducted using the newly launched auction software of AMX. This technology will be used for developing the secondary market system and DMA (direct market access).