Yields Fall on Bulgaria's Seven-year Government Bonds

Yields Fall on Bulgaria's Seven-year Government Bonds

Yields fell at Tuesday’s auction of seven-year euro-denominated Bulgarian government bonds as the offer was heavily oversubscribed.
The Finance Ministry said on Wednesday it has reopened  the issued dated 30 April 2014, offering 35 million euros worth of government bonds.
The average weighted annual ayield dropped to 2.20% from 2.26% at the previous reopening  on May 26. 
The yield achieved in Tuesday’s auction is lower than yields on euro-denominated government bonds with similar residual maturity of EU members Hungary (2.24%), Romania (2.25%), Portugal (2.39%), Croatia (3.74%) and Bulgaria’s southern neighbour Turkey (2.82%). The spread over benchmark German Bunds in this segment is 185 b.p., the Finance Ministry said.
The offer was 2.68 times oversubscribed with investors placing bids for a total of 93.79 million euros worth of government paper. The issue will mature on 12 February 2021.
 
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.