03.11.2014

The Ministry of Finance reopened for the fourth time the 2.5 year issue of Government Securities (GS) issued on 26 March 2014 with maturity 26 September 2016. Securities to the amount of BGN 55 million were offered at the auction held on 3 November 2014. The annual average weighted yield achieved is 1.82%. The participants showed strong interest and the total amount subscribed reached BGN 112.5 million, the coverage coefficient being 2.05.

The biggest amount of GS acquired banks - 73.42%, followed by pension funds - 16.58%, insurance companies - 6.36% and contractual funds - 3.64%.

The spread to the benchmark German Bunds in this segment is 188 b.p.