FinMin Sells 23 Mln Euro in 5-yr T-notes at 2.35% Yield
Wednesday, 18 September 2013
Bulgaria sold 45 million levs ($30.7 million/23 million euro) in five-year Treasury notes at an average weighted annual yield of 2.35%, the central bank said.
Dealers placed bids for a total of 114.7 million levs worth of T-notes, which resulted in a bid-to-cover ratio of 2.55, the Bulgarian National Bank, which auctions government securities on behalf of the finance ministry, said. Non-competitive bids added up to some 16.7 million levs.
The average weighted price of the approved bids was 102.45 levs per 100.0 levs of par value.
The issue, which bears an annual coupon of 3.0%, will mature on January 23, 2018.