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.


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