11.12.2013

The Ministry of Finance reopened for the 7th time the 7-year issue of EUR denominated Government Securities (GS) with maturity 16 January 2020. At the auction on 9 December the yield achieved was 2.81% on the offered and approved GS amount of EUR 20 million. Primary dealers subscribed EUR 51.79 million, the coverage coefficient being 2.59. The biggest amount of GS acquired pension funds - 55.35%, followed by banks - 21.70%, insurance companies - 17.95%, and investment intermediaries - 5.0%. After the auction the issue totals EUR 165 million.

The yield is below that on bonds with similar characteristics of EU Member State and countries from the region, such as Slovenia (5.12%), Croatia (5.06%), Hungary (4.46%), Romania (4.11%), Turkey (3.97%), Italy (3.17%) and Spain (3.11%).