Bulgaria raised 500 million levs ($280.7 million/255.6 million euro) from the sale of three-and-a-half-year fixed-rate Treasury notes due in May 2025 at an auction held on Monday.
The Treasury notes were placed at a weighted average annual yield of 0.55%, the Bulgarian National Bank (BNB) said in a statement.
The government securities, which mature on May 17, 2025, carry an annual coupon of 0%.
Details follow (in millions of levs unless otherwise specified or non-applicable):
|
|
Nominal value of offered securities |
500.0 |
Nominal value of bids admitted for participation |
964.7 |
- competitive |
882.7 |
- noncompetitive |
82.0 |
Nominal value of the bids approved |
500.0 |
- competitive |
|
- noncompetitive |
|
Weighted average annual yield |
0.55 |
Annual interest rate |
0.00 |
Coverage coefficient |
1.93 |
Source: BNB
(1 euro = 1.95583 levs)