Bulgaria To Auction 20.5 Mln Euro in 5-Yr T-notes on Jan 21

Bulgaria To Auction 20.5 Mln Euro in 5-Yr T-notes on Jan 21

Bulgaria's central bank said it will auction 40 million levs ($27.3 million/20.45 million euro) in five-year Treasury notes on January 21.

The issue bears an annual coupon of 3.0% and will mature on January 23, 2018, the central bank, which auctions government securities on behalf of the finance ministry, said in a statement on Monday.

Half of the offer will be set aside for price-competitive bids, while the other half will be earmarked for non-competitive bids.

The central bank sold 50 million levs worth of five-year debt paper with the same maturity date in the previous auction held in May. The average weighted annual yield in that auction stood at 3.83%.

In December, the finance ministry said Bulgaria plans to issue domestic government securities worth around 1.2 billion levs in 2013.

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