Finance Ministry Reopens 5-Year Issue of BGN-Denominated Govt Securities at 0.94% Yield
Wednesday, 16 September 2015
Bulgaria’s Finance Ministry reopened a 5-year issue of Government Securities (GS) with maturity February 4, 2020.
Securities with nominal value of 100 million levs were offered at the auction held on September 14, 2015 . The annual average weighted yield achieved was 0.94%.
By comparison, the yield achieved at the previous auction on May 18, 2015 for the same issue was 1.28%.
The participants showed high interest in the auction and the subscription totaled 197.50 million levs, the bid-to-cover ratio being 1.98.