site.btaFinance Ministry Reopens Issue of Three-Year Government Securities

Finance Ministry Reopens Issue of Three-Year Government Securities
Finance Ministry Reopens Issue of Three-Year Government Securities
BTA Photo

Bulgaria's Finance Ministry has reopened an issue of three-year BGN-denominated government securities, put into circulation at an auction of April 15, 2024. The maturity date of the issue is April 17, 2027, and the coupon is fixed at 3.00%, paid annually.

The volume of the issue in circulation was increased by BGN 300 million at the May 27 auction, thus reaching BGN 500 million at nominal value. The government securities have a weighted annual average yield of 3.21 %.

The bids placed amounted to BGN 356.9 million, which corresponds to a coverage coefficient of 1.19. The reported spread to the analogous German Bunds is 39 basis points.

/PP/

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By 16:22 on 18.06.2024 Today`s news

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