14.08.2012

The MoF reopened the 10 year and six month maturity benchmark issue. At the auction held yesterday the MoF offered for sale government securities to the amount of BGN 50 million. The orders by the participants in auction were for BGN 273,65 million, thus demand exceeded five and half times the quantity offered for sale, the covergae coeficient being 5.47.

The average weighted yield of the approved amount of BGN 50 million is 4.12%, which is a record low one for a 10-year maturity bond. For comparison, at the previous auction for this issue on 16.07.2012 the yield achieved was 4.73% and the covergae coeficient - 4.91.