ArmInfo. The first exchange trades in government bonds this year show that demand for them continues to remain high and significantly exceeds supply.
As reported by the Armenia Securities Exchange -AMX, today, the allocation and buyback auction of government bonds totalling more than 52 billion AMD took place on AMX. The volume to be allocated in the auction was 50 bln AMD, and the allocated volume of the auction of government bonds (ISIN AMGB1129A332) was 50 bln AMD, with a demand of 67,1 bln AMD. The maturity period of the bond is 11 years. The weighted average yield of the auction price is 10.9524%, and the annual yield of the coupon is 9.60%. The government bonds buyback auction volume was 2 bln AMD, and the amount of total accepted bids of government bonds (ISIN AMGB1129A316) was 2 bln AMD, with a demand of 5,6 bln AMD. The maturity period of the bond is 11 years. The weighted average yield of the auction price is 10.567%, and the annual yield of the coupon is 8%. The government bonds buyback auction volume was 2 bln AMD, and the amount of total accepted bids of government bonds (ISIN AMGB1029A292) was 23 mln AMD, with a demand of 523 mln AMD. The maturity period of the bond is 10 years. The weighted average yield of the auction price is 10.6974%, and the annual yield of the coupon is 9%.
It should be noted that according to the report of the Central Bank of the Republic of Armenia, the average yield of long-term government bonds on the primary market at the end of October 2023 was 10.86%, decreasing from 11.98% recorded at the beginning of 2023. AMX specialists say that such high trading volumes indicate the stability of the financial market, its attractiveness, and the confidence in the RA government bonds.
