Bulgaria Sells 25.5 Mln Euro in 5-yr T-notes
Tuesday, 21 January 2014
Bulgaria sold 50 million levs ($34.7 million/25.5 million euro) in five-year Treasury notes, as the weighted average yield fell to 2.18%, the finance ministry said.
Dealers placed bids for 120.9 million levs worth of government debt papers as the bid-to-cover ratio reached 2.18.
At the previous auction for the same issue held in September the average yield stood at 2.42%.
The average price of the approved bids was 101.14 levs per 100 levs of par value, the Bulgarian National Bank, which auctions government securities on behalf of the finance ministry, said. The issue bears an annual interest rate of 2.5% and matures on January 22, 2019
In a separate press release, the finance ministry said it will auction 400 million levs ($277.2 million/204.5 million euro) in nine-month Treasury bills on January 27.