Regional sovereign Eurobond market: All sovereign Eurobond yields decreased in Nov-23 with the best performer being AZERB 24 (-150.9bps).
Georgian corporate Eurobond market: GRAIL 28 was the best performer in Nov-23, with yield decreasing 36.6bps.
Georgia money market: In Nov-23, GEL 175.7mn treasury notes and GEL 40mn treasury bills were sold. Interest rates decreased on all instruments m/m (except 2-year and 5-year benchmark bonds). Weighted average interest rate on 10-year notes was 8.434%, 5-year notes was 8.426%, on 2-year notes was 8.387%, on 1-year instrument was 9.251%, and it came in at 9.274% for 6-month instruments. Notably, non-residents’ treasury holdings decreased by 1.0% m/m to GEL 234.0mn and the share of non-residents in total outstanding holdings came in at 2.9% (-0.1ppts m/m) in Nov-23.
