20.01.2015

The Ministry of Finance successfully placed 6-month Government Securities (GS) with nominal value of BGN 200 million. The yield achieved at the auction held on 19 January 2015 at maturity of the issue on 21 July 2015 is 0.16%, with the annual yield being 0.32%. The subscribed amount totalled BGN 598.12 million, which corresponds to a bid-to-cover ratio of 2.99. The spread to the German government securities in this maturity segment is 51 basis points.

The bidders showed great interest in both the quantity offered for competitive sale and in the non-competition part allocated among the investors.

The biggest amount of GS was acquired by banks - 70.00%, followed by pension funds - 10.63%, insurance companies and other investors - 9.66% each and guarantee funds - 0.05%.