site.btaFinance Ministry Issues BGN 300 Mln in New Government Debt

The Ministry of Finance placed BGN 300 million worth of interest-bearing treasury bonds with a 3-year maturity at an auction on Monday, the Bulgarian National Bank reported. The bonds, part of issue No. BG 20 300 25 113 of January 22, 2025, have an annual interest rate of 2.75% and annual weighted average yield of 2.4%.

Total nominal value of the bids admitted for participation was BGN 386,850,000, including noncompetitive bids worth BGN 68,600,000. The bid-to-cover ratio is 1.29.

The spread over the benchmark German federal bonds for the approved volume of BGN 300 million is 42 basis points, which is the lowest since the issue was launched, according to a statement from the Ministry of Finance.

Eight primary dealers in government securities participated in the auction. The Ministry of Finance will offer additional quantities from the issue for sale.

This was the tenth auction for placing debt on the domestic market since the beginning of 2025. So far this year, new debt amounting to BGN 2.4 billion has been raised on the domestic market.