Finance Ministry Reopens 7-Year Issue of EUR-Denominated Govt Securities
Finance | November 24, 2014, Monday // 20:26| views
Bulgaria's Finance Ministry HQ, photo by BGNES
Bulgaria’s Finance Ministry has reopened the 7 year issue of EUR denominated Government Securities (GS) issued on April 30, 2014 with maturity February 12, 2021.
At the auction held on November 24, 2014 GS to the amount of BGN 35 million were placed at an annual average weighted yield of 2.28%
The participants showed strong interest in the auction and the total amount subscribed reached EUR 110.125 million, the coverage coefficient being 3.15, according to the press office of the Finance Ministry.
The biggest amount of GS was acquired by banks - 49.07%, followed by pension funds - 45.40%, insurance companies - 4.61% and guarantee funds - 0.92%.
The spread to the benchmark German Bunds in this segment is 206 b.p.
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