SOFIA (Bulgaria), April 11 (SeeNews) – Bulgaria raised 500 million levs ($278.6 million/255.6 million euro) from the sale of three-and-a-half-year fixed-rate Treasury notes due in May 2025 after reopening the issue on Monday, the country’s central bank said.
The government securities were placed at a weighted average annual yield of 0.88%, the Bulgarian National Bank (BNB) said in a statement.
The T-notes, which mature on May 17, 2025, carry an annual coupon of 0.00%.
The minimum annual yield at the auction was 1.12% and the maximum yield was 0.75%.
Bulgaria last raised 500 million levs from placing T-notes from the same issue at an auction on March 14. At the time, the securities were placed at a weighted average annual yield of 0.55%.
Details follow (in millions of levs unless otherwise stated):
Nominal value of offered securities | 500.0 |
Nominal value of bids admitted for participation | 752.35 |
– competitive | 692.35 |
– noncompetitive | 60.0 |
Nominal value of bids approved | 500.0 |
– competitive | 440.0 |
– noncompetitive | 60.0 |
Weighted average annual yield | 0.88% |
Annual interest rate | 0.00% |
Coverage coefficient | 1.50 |
Source: BNB
(1 euro = 1.95583 levs)
Credit: Source link