Yield on Bulgaria's 10-1/2-year T-bonds falls to five-year low of 4.73%

Yield on Bulgaria's 10-1/2-year T-bonds falls to five-year low of 4.73%

Bulgaria's ten-and-a-half-year Treasury bonds produced in an auction on Monday an average weighted annual yield of 4.73%, hitting a five-year record low for government debt paper with this maturity, the finance ministry said.

In the previous auction held in March the yield on the issue was 4.95%.

Dealers placed bids for 196.4 million levs ($122.3 million/100.4 million euro) worth of government debt paper against an offer of 40 million levs, the ministry said in a statement.

The issue, which carries an annual coupon of 5.0% and will mature on July 11, 2022, produced a maximum annual yield of 4.75% and a minimum yield of 4.70%, the central bank, which auctions government securities on behalf of the finance ministry, said in a statement published on its website.

The average weighted price of the approved bids was 102.57 levs per 100.0 levs of par value.

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