25.05.2015

The Ministry of Finance reopened the 3-year issue of Government Securities (GS) with nominal value BGN 50 million and maturity 28 January July 2018. At the auction held on 25 May 2015 an annual average weighted yield of 0.68% was achieved. The participants showed strong interest and the total amount subscribed reached BGN 125.40 million, the coverage coefficient being 2.51.

The spread to the benchmark German Bunds in this segment is 85 b.p.

The biggest amount of GS acquired banks - 61.20%, followed by insurance companies - 14.00%, pension funds - 12.80% and contractual funds - 12%.