Callendar

  • 2024
  • OCT
  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31

Ministry of Finance Reopens Issue of 6-year Government Securities

11.06.2024

The Ministry of Finance has reopened an issue of 6-year Government Securities which was launched at the auction held on 13 May 2024. The issue is BGN-denominated, maturing on 15 May 2030, with an interest coupon of 3.25%.

The volume of the issue in circulation was increased by BGN 200 million at the auction held on 10 June 2024, reaching a nominal value of BGN 400 million. The weighted average annual yield of the issue reopening auction is 3.54%.

The total subscribed amount reached BGN 265.2 million, which corresponds to a bid-to-cover ratio of 1.33. The spread reported as against the analogous German Bunds is 100 basis points. As to the participants, the biggest amount of GS was acquired by banks – 70.2%, followed by insurance companies with 16.5%, pension funds with 10.0%, contractual and guarantee funds with 3.0%, investment intermediaries with 0.2%, and other investors with 0.1%.

This website uses cookies. By accepting cookies you can optimise your browsing experience.

Accept Refuse More Information