Yield on Bulgaria's 10-year T-notes Falls to 3.49%

Yield on Bulgaria's 10-year T-notes Falls to 3.49%

The average weighted annual yield on a ten-year Bulgarian Treasury notes issue which the finance ministry reopened, fell to 3.49% from 4.12% at the previous auction in April, the ministry said.

The finance ministry sold 35 million levs ($21.7 million/17.9 million euro) worth of ten-year T-notes on Monday, as 49% of them were purchased by pension funds, it said in a statement on Tuesday.

Dealers placed bids for 172 million levs worth of debt paper, oversubscribing the issue 4.91 times.

The T-notes were issued in 2008 and will mature on January 16, 2018. This was their second reopening so far this year.


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