11.03.2025

The Ministry of Finance (MoF) has reopened an issue of 3-year Government Securities (GS) which was launched at the auction held on 20 January 2025. The issue is BGN-denominated, maturing on 22 January 2028, with an interest coupon of 2.75%.

The volume of the issue in circulation was increased by BGN 100 million at the auction held on 10 March 2025, reaching a nominal value of BGN 500 million. The annual weighted average yield reported at the auction is 2.85%.

The total subscribed amount reached BGN 189.7 million, which corresponds to a bid-to-cover ratio of 1.9. The spread reported as against the analogous German Bunds is 62 basis points.