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Bulgaria To Auction 30 Mln Levs in 5-Yr T-Notes on Dec 14

Dec 9, 2009, 6:38:38 PMArticle by Iva Doneva
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December 9 (SeeNews) - Bulgaria's central bank said it will auction 30 million levs ($22.6 million/15.3 million euro) worth of five-year government treasury notes on December 14.

Bulgaria To Auction 30 Mln Levs in 5-Yr T-Notes on Dec 14

The issue bears an annual coupon of 4.45%, payable semi-annually, the central bank, which auctions the government securities on behalf of the Finance Ministry, said in a statement on its website.

Monday's issue will be the ninth batch of five-year T-notes worth a total of 250 million to 350 million levs to be offered by the Finance Ministry this year.

The previous batch, worth 30 million levs and sold out on Monday, produced an average yield of 4.1%, down from 4.17% in the previous auction held on November 23.

(1 euro = 1.95583 Bulgarian levs)

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