10.11.2015

The Ministry of Finance reopened a 5 year issue of Government Securities (GS) with maturity 4 February 2020. Securities with nominal value of BGN 150 million were offered at the auction held on 9 November 2015, the approved bids being for BGN 50 million. The achieved annual average weighted yield was 1.06%. The subscription totalled BGN 208.70 million which corresponds to a bid-to-cover ratio of 1.39.

The spread to the benchmark German Bunds in this segment is 106 b.p.

Banks acquired the biggest amount of GS at the auction, i.e. 65.70%, followed by pension funds with 30.40% and insurance companies with 3.90%.