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Bulgaria to auction 102 mln euro of 10-1/2-yr T-bonds on Oct 24

Oct 18, 2022, 1:33:10 PMArticle by Tanya Ivanova
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October 18 (SeeNews) - Bulgaria will seek to raise 200 million levs ($100.6 million/102.3 million euro) by reopening a ten-and-a-half year fixed-rate Treasury bond issue at an auction to be held on October 24, the central bank said on Tuesday.

Bulgaria to auction 102 mln euro of 10-1/2-yr T-bonds on Oct 24
Bulgarian National Bank, Sofia. Image license: Bjoertvedt, CC BY-SA 4.0, via Wikimedia Commons.

The Treasury bonds will mature on July 27, 2026, the Bulgarian National Bank (BNB) said in an auction notice.

The government securities carry an annual coupon of 2.25%.

Earlier in the day, the central bank said that it raised 188.55 million levs by reopening an issue of five-and-a-half-year fixed-rate Treasury bonds. The amount, however, was below the target of 200 million levs.

(1 euro = 1.95583 levs)

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