23.11.2021

On 22 November 2021, the Ministry of Finance launched a new issue of 7.5-year BGN-denominated Government Securities (GS) maturing on 24.05.2029.

The auction resulted in successful placement of Government Securities with an aggregate nominal value of BGN 500 million, at an annual weighted average yield of 0.49%.

The subscribed amount totalled BGN 808.75 million, which corresponds to a bid-to-cover ratio of 1.62. The recorded spread to the analogous German Bunds is 97 basis points. The participants showed strong interest; banks acquired the biggest amount of GS at the auction – 64,6%, followed by pension funds – 23,7%, insurance companies – 7,3%, contractual and guarantee funds – 4.3%, and investment intermediaries – 0.1%.