Bulgaria raised 500 million levs ($281.1 million/255.6 million euro) from the sale of seven-and-a-half-year fixed-rate Treasury bonds due in May 2029 at an auction held on March 21, the central bank said on Tuesday.
The T-bonds were placed at a weighted average annual yield of 1.33%, the Bulgarian National Bank (BNB) said in a statement.
The government securities, which will mature on May 24, 2029, carry an annual coupon of 0.25%.
The finance ministry will continue to offer additional amounts of the bonds from the issue at future auctions, according to the statement.
The seven-and-a-half-year fixed-rate T-bonds were first offered at an auction held on November 22, 2021, in which the government raised 500 million levs after placing the securities at a weighted average annual yield of 0.49%.
Details of the reopened issue follow (in millions of levs unless otherwise specified or non-applicable):
Nominal value of offered securities
500.0 Nominal value of bids admitted for participation 599.1 - competitive 532.1 - noncompetitive 67.0 Nominal value of the bids approved 500.0 - competitive 433.0 - noncompetitive 67.0 Weighted average annual yield 1.33 Annual interest rate 0.25 Coverage coefficient 1.20