site.btaFinance Ministry Achieves 2.28% Annual Average Weighted Yield of Government Securities

Finance Ministry Achieves
2.28% Annual Average Weighted Yield
of Government Securities

Sofia, November 24 (BTA) - The Ministry of Finance reopened a
seven-year issue of EUR denominated Government Securities (GS),
issued on April 30, 2014, with maturity on February 12, 2021. At
an auction held on November 24, 2014 GS to the amount of BGN 35
million have been placed and the annual average weighted yield
achieved is 2.28 per cent. The participants showed strong
interest and the total amount subscribed reached EUR 110.125
million, the coverage coefficient being 3.15.

The biggest amount of GS was acquired by banks - 49.07 per cent,
followed by pension funds - 45.40 per cent, insurance companies
- 4.61 per cent and guarantee funds - 0.92 per cent.
/PK/TK/