Regional sovereign Eurobond market: GEORGIA 26 was the best performer in Dec-23, with yield decreasing 109.1bps.

Georgian corporate Eurobond market: GRAIL 28 was the best performer in Dec-23, with yield decreasing 145.1bps. 

Georgia money market: In Dec-23, GEL 179.0mn treasury notes and GEL 40mn treasury bills were sold. Interest rates decreased on all instruments m/m. The weighted average interest rate on 10-year notes was 8.399%, 5-year notes was 8.363%, on 2-year notes was 8.389%, on 1-year instrument was 9.015%, and it came in at 9.068% for 6-month instruments. Notably, non-residents’ treasury holdings remained unchanged at GEL 234.0mn and the share of non-residents in total outstanding holdings stood at 2.9% in Dec-23.