Bulgarian Ministry of Finance reopened an issue of 10-year government securities (GS) maturing on 22 April 2025. Securities with nominal value of 65 million levs were placed at the auction held on December 7, 2015, the press office of the ministry announced.
An annual average weighted yield of 2.34 percent was achieved. For comparison, the yield of the previous auction for the same issue held on 16 November 2015 was 2.56 percent. The subscribed amount totalled 105.65 million levs, which corresponds to a bid-to-cover ratio of 1.63.
The spread to the German Bunds in this maturity segment is 167 basis points.
The banks acquired 64.92% of the securities offered, insurance companies - 30.77%, investment intermediaries - 3.08%, and guarantee funds - 1.23%.
FOCUS News Agency