Bulgaria sells 102 mln euro of 6-yr T-bonds at 3.35% yield

The government securities were placed at a weighted average annual yield of 3.35%, the Bulgarian National Bank (BNB) said in a statement on Monday.

The new issue of T-bonds, maturing on May 15, 2030, bears an annual coupon of 3.25%, with payments due semi-annually.

In a separate notice, the ministry of finance said the largest share of new government debt, or 48%, was purchased by banks, followed by insurance companies with 21%, pension funds with 13%, other investors with 10%, guarantee funds with 5% and investment intermediaries with 3%.

"The reported spread compared to analogous German Bunds is 93 basis points," the ministry said.

The finance ministry will offer additional amounts of bonds from this issue, BNB noted.

Last month, Bulgaria raised 200 million levs from the sale of three-year fixed-rate Treasury bonds at a weighted average annual yield of 3.01%.

Details of Monday's T-bond auction follow (in millions of levs unless otherwise specified):

(1 euro = 1.95583 levs)