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Nov 27, 2007 16:25 EEST
November 27 (SeeNews) - Bulgaria's central bank will auction on Monday 30 million levs ($22.8 million/15.3 million euro) in 10-year fixed-rate Treasury notes which are not expected to attract very big investor interest, dealers said on Tuesday.
The offer bears an annual interest rate of 4.25%, with coupon payments due semi-annually and the last payment due upon maturity, on January 10, 2017, the Bulgarian National Bank (BNB), which auctions government securities on behalf of the Finance Ministry, said in a statement.
The issue will be oversubscribed between 1.5 and 1.6 times and the yields are expected to range from 5.1% to 5.2%, one dealer told SeeNews.
The issue is the final batch of an up to 250 million levs issue of 10-year T-notes the Finance Ministry planned to offer this year.
Primary dealers will not be allowed to place more than 30 competitive bids in the auction, the central bank said.
(1 euro = 1.95583 Bulgarian levs)
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