Bulgaria to Auction 25.6 Mln Euro Bonds March 10

Bulgaria to Auction 25.6 Mln Euro Bonds March 10

Bulgaria's central bank said on Tuesday it will auction 50 million levs ($35.2 million/25.6 million euro) in ten-and-a-half-year fixed-rate Treasury bonds on March 10.

The issue carries an annual coupon of 4.0% and matures on July 15, 2024, the central bank, which auctions government securities on behalf of the finance ministry, said.

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 ten-and-a-half-year government bonds with the same maturity date on February 10 at an average weighted annual yield of 3.0%.

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