May 15 (SeeNews) - Bulgaria's finance ministry said on Monday it sold 100 million levs ($55 million/51.1 million euro) in 10.5-year Treasury bonds, in line with target.
The accepted average yield of the issue maturing in July 2027 decreased to 1.78% in Monday's auction, from 1.80% in the previous auction of like government securities held in March, according to the ministry's statement.
Details follow (in millions of levs):
Auction date |
May 15, 2017 |
March 20, 2017 |
Maturity date |
July 25, 2027 |
July 25, 2027 |
Amount offered (mln levs) |
100 |
100 |
Amount sold (mln levs) |
100 |
100 |
Total bids placed (mln levs) |
147.1 |
192.25 |
Bid-to-cover ratio |
1.47 |
1.92 |
Average weighted yield |
1.78% |
1.80% |
Source: Ministry of Finance
As much as 58.13% of the government paper was bought by banks, followed by the pension funds with a 31.87% share and investment brokers with 10%.
(1 euro = 1.95583 levs)