Bulgaria sells 102.3 mln euro of 3-yr T-bonds at 3.01% yield

The government securities were placed at a weighted average annual yield of 3.01%, the Bulgarian National Bank (BNB) said in a statement on Monday.

The new issue of T-bonds, which will mature on April 17, 2027, carries an annual coupon of 3.00%, with payments due semi-annually.

In a separate statement, the finance ministry said that the largest share of new government debt, or 46%, was acquired by banks, followed by other investors with 29%, pension funds with 11%, insurance companies with 8% and guarantee funds with 6%.

"The spread reported as compared to analogous German Bunds is 45 basis points," the ministry noted.

The finance ministry will offer additional amounts of bonds from this issue in the future, BNB said.

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

(1 euro = 1.95583 levs)