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Bulgaria To Auction 30 Mln Levs (15.3 Mln Euro) in 10-Yr T-Notes on Monday

Sep 24, 2009, 1:23:02 PMArticle by Iva Doneva
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September 24 (SeeNews) - Bulgaria's central bank will auction on Monday 30 million levs ($22.7 million/15.3 million euro) of 10-year fixed-rate treasury notes.

Bulgaria To Auction 30 Mln Levs (15.3 Mln Euro) in 10-Yr T-Notes on Monday

The issue bears an annual interest rate of 4.95%, with the last coupon payment due upon maturity on January 28, 2019, the Bulgarian National Bank (BNB), which auctions government securities on behalf of the Finance Ministry, said in a statement.

This issue will be the fifth batch of 10-year T-notes worth up to 350 million levs which the Finance Ministry plans to offer this year. The first issue, auctioned in January, yielded an average annual 7.21%, the second issue, sold in April, produced an annual yield of 7.11% on the average and the third batch, auctioned in May, produced an average yield of 7.47% as the issue was slightly oversubscribed. The fourth batch offered in July yielded an avarage 7.99%.

(1 euro = 1.95583 Bulgarian levs)

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