THE MINISTRY OF FINANCE REOPENED A 5-YEAR ISSUE OF BGN DENOMINATED GOVERNMENT SECURITIES
10.11.2014
The Ministry of Finance reopened for the fifth time the 5 year issue of Government Securities (GS) issued on 22 January 2014 with maturity 22 January 2019. At the auction held on 10 November 2014 GS to the amount of BGN 55 million have been placed and the annual average weighted yield achieved is 2.63%
The total amount subscribed reached BGN 116.25 million, the coverage coefficient being 2.11. The GS acquired at the auction were distributed between banks - 73.58% and pension funds - 26.42%.
The spread to the benchmark German Bunds in this segment is 263 b.p.