26.10.2021

On 25 October 2021, the Ministry of Finance reopened an issue of 10.5-year BGN-denominated Government Securities (GS) maturing on 17.08.2031.

The auction resulted in successful placement of Government Securities with an aggregate nominal value of BGN 500 million, at an annual weighted average yield of 0.53%.

The subscribed amount totalled BGN 517.9 million, which corresponds to a bid-to-cover ratio of 1.04. The recorded spread to the analogous German Bunds is 65 basis points. As regards participants, banks acquired the biggest amount of GS at the auction – 85.4 %, followed by insurance companies – 8.1 %, pension and guarantee funds – 4.8 %, investment intermediaries – 1.6 %, and other investors – 0.1%.