12.11.2013

The Ministry of Finance reopened for the 6^th time a 7-year Euro denominated Government Securities (GS) issue with maturity 16 January 2020. At the auction held on 11 November 2013 the yield achieved is 2.88%. The GS face value offered and approved for sale is EUR 25 million, while the primary dealers subscribed EUR 65.54 million, the coverage coefficient being 2.62. Pension funds acquired the largest amount of GS - 45.39%, followed by insurance companies - 22.61%, banks - 20.00% and investment intermediaries - 12.00%. After the auction the issue totals EUR 145 million.

The yield is below the respective values on bonds with similar characteristics of a number of EU Member States such as Slovenia (5.62%), Croatia (4.98%), Hungary (4.43%), Romania (4.11%), Italy (3.19%), Spain (3.06%) and is at the level of the bonds of Ireland (2.88%).