Bulgaria raised 300 million levs ($161.9 million/153.4 million euro) from the sale of three-and-a-half-year fixed-rate Treasury notes due in May 2025

Bulgaria raised 300 million levs ($161.9 million/153.4 million euro) from the sale of three-and-a-half-year fixed-rate Treasury notes due in May 2025

Bulgaria raised 300 million levs ($161.9 million/153.4 million euro) from the sale of three-and-a-half-year fixed-rate Treasury notes due in May 2025 at an auction held on May 9, the central bank said on Tuesday.

In a reopening of the issue, the government securities were placed at a weighted average annual yield of 1.33%, the Bulgarian National Bank (BNB) said in a statement.

The Treasury notes carry an annual coupon of 0% and will mature on May 17, 2025.

The government raised 500 million levs from the sale of T-notes from the same issue at an auction held on April 11, 2022. The government securities were then placed at a weighted average annual yield of 0.88%.

The finance ministry will continue to offer additional amounts of the bonds from the issue at future auctions, according to the statement.

Details follow (in millions of levs unless otherwise specified):

Nominal value of offered securities 300.0 Nominal value of bids admitted for participation 460.0 - competitive 400.0 - non-competitive 60.0 Nominal value of the bids approved 300.0 - competitive 240.0 - non-competitive 60.0 Weighted average annual yield 1.33 Annual interest rate 0.00 Coverage coefficient 1.53

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