07.04.2020

On 6 April 2020 the Ministry of Finance reopened an issue of 5-year BGN-denominated government securities (GS) placed on 15.01.2020 and maturing on 15.01.2025.

GS of an aggregate nominal value of BGN 200 million were offered successfully at the auction at a weighted average yield of 0.13%. The total subscribed amount reached BGN 358.3 million, which corresponds to a bid-to-cover ratio of 1.79. The participants were highly interested, with the biggest amount of GS acquired by banks – 89.0%, followed by pension funds with 5.5% and insurance companies with 5.5%.