ArmInfo.The online platform for government bonds trading-gp.minfin.am developed and introduced by the Armenian Stock Exchange (AMX) and the Ministry of Finance of Armenia, is becoming increasingly popular among investors.
As the press service of AMX told ArmInfo, this year the number of transactions on gp.minfin.am has grown by 31%, while the trade volume shows an increase of 9.5% as compared to the 2018 January-May trade results. This means there is an increased interest towards investing in Gbonds. The Gbond trading is conducted through the State Treasury, which allows individuals to buy and sell securities without a broker. Taking advantage of the completely automated system, retail investors make necessary payments online. Meanwhile, the registration and transactions are free of charge, and the investor is charged only for the money transfer.
At the primary allocation, 10-year Gbonds (ISIN AMGB1029A292) worth a total of 40 billion AMD were offered and sold. Interestingly, the total amount of bids (demand) exceeded 99 billion drams. The weighted average yield of the allocation was 9?67%. Another 7.93 billion was raised in an auxiliary auction on July 10. The auctions were processed through a number of channels including gp.minfin.am, an online platform for government bonds trading. A total of 896 million drams was raised via this platform.
RUB | 4.18 | -0.02 |
USD | 390.04 | -1.40 |
EUR | 415.63 | -1.21 |
GBP | 481.74 | -0.75 |
CAD | 284.60 | -0.69 |
JPY | 25.20 | -0.09 |
CNY | 53.82 | -0.22 |
CHF | 427.68 | -1.72 |