Yield on Bulgaria’s 2-Yr T-notes Falls to Record Low of 0.54%

Yield on Bulgaria’s 2-Yr T-notes Falls to Record Low of 0.54%

The average weighted annual yield on Bulgaria's two-year Treasury notes fell by 1.46 percentage points from the previous auction in June and reached 0.54%, the lowest value achieved on Bulgarian government securities so far, the finance ministry said.

The finance ministry sold a total of 30 million levs ($19.9 million/15.3 million euro) worth of government securities on Monday, as 70% of them were purchased by banks, the ministry said in a statement on Tuesday.

Dealers placed bids for 123.7 million levs worth of debt paper, the Bulgarian central bank, which auctions government securities on behalf of the finance ministry, said in a statement on its website on Monday.

The average weighted price of the approved bids was 102.26 levs per 100.0 levs of par value. The maximum annual yield was 0.57% and the minimum was 0.50%.

The T-notes mature on February 8, 2014. This was the issue's last reopening for 2012, as its total amount reached 140 million levs.

 

Cookies Preferences
Choose Type of Cookies You Accept Using


These cookies are required for the website to run and cannot be switched off. Such cookie are only set in response to actions made by you such as language, currency, login session, privacy preferences. You can set your browser to block these cookies but our site may not work then.


These cookies allow us to measure visitors traffic and see traffic sources by collecting information in data sets. They also help us understand which products and actions are more popular than others.


These cookies are usually set by our marketing and advertising partners. They may be used by them to build a profile of your interest and later show you relevant ads. If you do not allow these cookies you will not experience targeted ads for your interests.