site.btaFinance Ministry Auctions Off Lv 500 Mln T-Bonds

November 15 (BTA) - The Finance Ministry Monday auctioned
 off an issue of 500 million leva's worth of 3.5-year Treasury
bonds. The maturity date of the issue is May 17, 2025.

The auction resulted in successful placement of government
securities with an aggregate nominal value of 500 million leva,
at an annual weighted average yield of 0.13%.

The subscribed amount totalled BGN 983.96 million, which
corresponds to a bid-to-cover ratio of 1.97. The recorded spread
 to the analogous German Bunds is 80 basis points. The
participants showed strong interest, with banks acquiring the
biggest amount of government securities at the auction, 73.3 per
 cent, followed by pension funds, 12.3 per cent, insurance
companies, 9.4 per cent, contractual and guarantee funds, 4 per
cent, and other investors, 1 per cent. RY/ZH
//