(DF) Finance Ministry Auctions Off Lv 500 Mln T-Bonds

November 15 (BTA) – The Finance Ministry Monday auctioned off an issue of 500 million leva’s worth of 3.5-year Treasury bonds. The maturity date of the issue is May 17, 2025. The auction resulted in successful placement of government securities with an aggregate nominal value of 500 million leva, at an annual weighted average yield of 0.13%. The subscribed amount totalled BGN 983.96 million, which corresponds to a bid-to-cover ratio of 1.97. The recorded spread to the analogous German Bunds is 80 basis points. The participants showed strong interest, with banks acquiring the biggest amount of government securities at the auction, 73.3 per cent, followed by pension funds, 12.3 per cent, insurance companies, 9.4 per cent, contractual and guarantee funds, 4 per cent, and other investors, 1 per cent. RY/ZH //