Bulgaria Sells 25.6 Mln Euro in 10-1/2-yr T-bonds at 3.43% Yield

Bulgaria Sells 25.6 Mln Euro in 10-1/2-yr T-bonds at 3.43% Yield

 Bulgaria sold 50 million levs ($33 million/25.6 million euro) in ten-and-a-half-year fixed-rate Treasury bonds at an annual average yield of 3.43%, the country’s central bank said.
The yield achieved in the previous auction for government securities with the same maturity held in March was 3.63%.
Dealers placed bids for 99.84 million levs worth of government debt papers as the bid-to-cover ratio reached 2.0, the central bank, which auctions government securities on behalf of the finance ministry, said in a statement.
The average weighted price of the approved bids was 104.17 levs per 100 levs of par value.
The issue, which carries an annual coupon of 4.0%, matures in July, 2023.



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