site.btaFinance Ministry Re-opens Issue of 7-Year Government Securities

The Finance Ministry has reopened an issue of seven-year government securities launched at an auction on January 27. The BGN-denominated securities mature on January 29, 2032, and carry an interest coupon of 3.25%, the Finance Ministry press office said on Monday.

The volume of the issue in circulation was increased by BGN 100 million at an auction on Monday, bringing its nominal value to BGN 400 million. The annual weighted average yield reported at the auction was 3.31%.

The total subscribed amount reached BGN 251.8 million, putting the bid-to-cover ratio at 2.52. The spread against corresponding German Bunds was 99 basis points.