27.08.2024

The Ministry of Finance (MoF) has reopened an issue of 6-year Government Securities which was launched at the auction held on 13 May 2024. The issue is BGN-denominated, maturing on 15 May 2030, with an interest coupon of 3.25%.

The volume of the issue in circulation was increased by BGN 200 million at the auction held on 26 August 2024, reaching a nominal value of BGN 800 million. The weighted average annual yield of the issue reopening auction is 3.80%.

The total subscribed amount reached BGN 467.9 million, which corresponds to a bid-to-cover ratio of 2.34. The spread reported as against the analogous German Bunds is 169 basis points. As to the participants, the biggest amount of GS was acquired by pension funds – 37.0%, followed by insurance companies with 30.0%, banks with 25.4%, guarantee funds with 5.0%, investment intermediaries with 2.5%, and other investors with 0.1%.