SOFIA (Bulgaria), November 14 (SeeNews) – Bulgaria's finance ministry said on Monday it sold 30 million levs ($18.0 million/15.3 million euro) in four-year Treasury notes at a negative average weighted annual yield of -0.19%.
The government securities will mature on February 22, 2021, the ministry said in a statement.
The spread over German bonds in this segment is 39 basis points.
Banks purchased the largest portion of the issue – 86.67%, while guarantee funds took the remaining 13.33%.
The Treasury notes carry an annual coupon of 0.30% paid semi-annually, the central bank said in a separate statement.
|
4-yr T-notes |
4-yr T-notes |
Auction date |
November 13 |
June 20 |
Amount offered (mln levs) |
30 |
50 |
Amount sold (mln levs) |
30 |
50 |
Total bids placed (mln levs) |
63.38 |
103 |
Bid-to-cover ratio |
2.11 |
2.06 |
Average weighted yield |
-0.19 |
0.05 |
(1 euro = 1.95583 levs)