01.07.2014

The Ministry of Finance conducted on 30 June 2014 an extraordinary auction for the sale of short term government securities (GS). At the auction held 5-month GS were placed to the total nominal value of BGN 1.23 billion, the average yield to maturity being 0.83%.

The qualified participants in the operations of the MoF, banks-primary dealers of GS, took part, subscribing an amount on their own and their clients' behalf exceeding the volume of BGN 1.5 billion offered. From the approved by the MoF amount all banks acquired 89.7%. Through the banks-primary dealers a broad range of institutional investors took part in the auction: pension and insurance companies, as well as guarantee funds established under special laws that acquired 10.3% of the nominal value.