25.11.2015

The Ministry of Finance reopened the 3-year issue of Government Securities (GS) with maturity 28 January 2018. At the auction held on 23 November 2015 GS with nominal value BGN 150 million were offered and orders to the amount of BGN 26.5 million were approved. An annual average weighted yield of 0.49% was achieved. The total amount subscribed reached BGN 161.55 million, the coverage coefficient being 1.08.

The spread to the benchmark German Bunds in this segment is 87 b.p.

The biggest amount of GS acquired banks - 92.45% and the remaining 7.55% were bought by pension funds.