Yield on Bulgaria’s 5-Yr T-notes Falls to 1.90%
Bulgaria sold out its 50 million lev ($33 million/25.6 million euro) offer of five-year fixed-rate Treasury notes on Monday as the average weighted annual yield fell to 1.90%, the country's central bank said.
At the previous auction of government securities with the same maturity date, held on March 25, the average annual yield rose to 2.29%.
Dealers placed bids for nearly 161.8 million levs ($107.9 million/82.7 million euro) worth of government debt paper in Monday's auction, the Bulgarian National Bank, which auctions government securities on behalf of the finance ministry.
The average weighted price of the approved bids was 105 levs per 100 levs of par value. The maximum annual yield was 1.93% and the minimum yield was 1.87%.
The issue, which carries an annual coupon of 3.0%, will mature on January 23, 2018.