Bulgaria Sells 10.2 Mln Euro in 7-yr T-notes at 2.45% Yield

Bulgaria Sells 10.2 Mln Euro in 7-yr T-notes at 2.45% Yield

Bulgaria sold 20 million levs ($13.3 million/10.2 million euro) in seven-year Treasury notes at an average weighted annual yield of 2.45%, the country's central bank said.

Dealers placed bids for 56. 6 million levs worth of T-notes, which resulted in a bid-to-cover ratio of 2.83, the Bulgarian National Bank, which auctions government securities on behalf of the finance ministry, said.

The average weighted price of the approved bids was 106.04 levs per 100 levs of par value.

The maximum annual yield was 2.48% and the minimum yield was 2.40%.

The issue, which bears an annual coupon of 3.50%, will mature on January 16, 2020.


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