October 22 (SeeNews) - Bulgaria's Finance Ministry said on Thursday it will issue an additional 30 million levs ($22.9 million/15.3 million euro) worth of five-year Treasury notes on October 28 to meet strong investor demand.
The country's latest issue of five-year T-notes was almost four times oversubscribed, record high since December 2006, the minsitry said.,
The issue has not been initially envisaged in the minsitry's issue programme for the year under which it planned issues of five-year government securities of between 250 million and 350 million levs.
The issue carries a fixed interest rate of 4.45% and has a maturity on February 18, 2014.
The previous issue of five-year T-notes auctioned on Monday produced a weighted average yield of 3.74%, down from 6.23% in the previous auction.
Due to high investors' interest, the ministry issued last month 30 million levs in extra 10-year T-notes.
(1 euro = 1.95583 Bulgarian levs)