December 5 (SeeNews) - Bulgaria's finance ministry said it has raised 80 million levs ($48.4 million/41 million euro) by reopening an issue of seven and a half-year fixed-rate Treasury notes at an auction on Monday.
The average weighted yield was 0.36%, the ministry said in a statement.
The issue carrying a coupon of 0.80% was oversubscribed.Coupon payments are due semi-annually with the last one due at maturity together with the principal.
The government securities will mature on March 27, 2025.
Details of the issue follow:
| Auction date |
Dec 4 |
Oct 23 |
| Maturity date |
March 27, 2025 |
March 27, 2025 |
| Amount offered (mln levs) |
80 |
85 |
| Amount sold (mln levs) |
80 |
85 |
| Total bids placed (mln levs) |
138 |
188.25 |
| Bid-to-cover ratio |
1.73 |
2.21 |
| Average weighted yield |
0.36 |
0.42 |
Source: BNB
(1 euro = 1.95583 levs)