13.10.2015

The Ministry of Finance reopened the 5 year issue of Government Securities (GS) with maturity 4 February 2020. At the auction held on 12 October 2015 GS with nominal value BGN 150 million were offered and orders to the amount of BGN 50 million were approved. An annual average weighted yield of 0.97% was achieved. The total amount subscribed reached BGN 207.35 million, the coverage coefficient being 1.38.

The spread to the benchmark German Bunds in this segment is 107 b.p.

The biggest amount of GS acquired banks - 54.00%, followed by pension funds - 20.00%, insurance companies - 12.00%, contractual funds - 8.00% and other investors - 6.00%.