Bulgaria sells 43.5 mln euro in 7.5-yr T-notes

Primary dealers placed orders worth 286.4 million levs, which corresponds to a bid-to-cover ratio of 3.37, the ministry said in a statement late on Monday.

"The spread to the 10-year German Bunds in this segment is 63 basis points," it noted.

The issue bears a coupon of 0.8%, payable semi-annually with the last one due at maturity on March 27, 2025 together with the principal, the Bulgarian National Bank (BNB) said in a separate statement.

The average weighted price of the bids in the auction was 99.48 levs for a par value of 100 levs, while that of the approved bids was 100.79 levs, it added.

Details follow:

Source: BNB

(1 euro = 1.95583 levs)