SOFIA (Bulgaria), February 1 (SeeNews) – An issue of Bulgarian 30-month euro-denominated government bonds was neartly three times oversubscribed in Monday's auction, producing a weighted average yield of 3.43%, the Finance Ministry said.
“Our expectations for a considerable interest and good yields [...] proved right," Deputy Finance Minister Ana Mihaylova said in a statement.
Last month Moody's Investors Service changed the outlook on Bulgaria's Baa3 ratings to positive from stable, saying the government's finances were relatively resilient through the 2008-2009 financial crisis.