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CORRECTED - Bulgaria sells 102.3 mln euro of 5-yr T-bonds at 0.15% negative yield

CORRECTED - Bulgaria sells 102.3 mln euro of 5-yr T-bonds at 0.15% negative yield Photo by Dennis Jarvis.

SOFIA (Bulgaria), September 14 (SeeNews) - In SeeNews story "Bulgaria sells 102.3 mln euro of 5-yr T-bonds at 0.15% negative yield" dated September 8, please read "-0.15" instead of "2.12" in the table cell showing the weighted average annual yield of the T-bonds issue that was reopened in September.

A corrected version follows:

Bulgaria's finance ministry sold 200 million levs ($120.8 million/102.3 million euro) worth of 5-year Treasury bonds by reopening an issue due in February 2026 at an auction held on September 7, the Bulgarian National Bank (BNB) said on Wednesday.

The T-bonds were placed at a negative weighted average annual yield of 0.15%, the central bank said in a statement.

At the previous auction of the issue, held in March, the finance ministry sold 300 million levs worth of bonds at a negative weighted average annual yield of 0.10%.

Details follow:

Sept March
Nominal value of offered T-bonds 200.0 300.0
Nominal value of bids admitted for participation 423.8 458.5
- competitive 369.8 428.5
- noncompetitive 54.0 30.0
Nominal value of the bids approved 200.0 300.0
- competitive 146.0 270.0
- noncompetitive 54.0 30.0
Weighted average annual yield -0.15 -0.10
Annual interest rate 0.00 0.00
Coverage coefficient 2.12 1.53

source: BNB

(1 euro=1.95583 levs)

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