Bulgaria Rejects All Bids for 25.5 Mln Euro in 2.5-yr T-notes, Yields Rise

Bulgaria Rejects All Bids for 25.5 Mln Euro in 2.5-yr T-notes, Yields Rise

Bulgaria rejected all bids for  50 million levs ($34.8 million/25.5 million euro) in two-and-a-half-year Treasury notes, as yields rose to 1.2%,  the central bank said.

Dealers placed bids for 50.55 million levs worth of government debt papers as the bid-to-cover ratio reached 1.01, the central bank said in a press release on Monday. The issue bears an annual interest rate of 1.5%.

Bulgaria last sold two-and-a-half-year Treasury notes on May 19 when the issue produced average weighted yield of 0.83%.

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