site.btaFinance Ministry Reopens 3.5-Year BGN-Denominated Government Securities Issue

Bulgaria's Ministry of Finance reopened an issue of 3.5-year lev-denominated government securities maturing on May 17, 2025.

Government securities of an aggregate nominal value of 500 million leva were offered at the auction at a weighted average annual yield of 0.55 per cent, the Bulgarian National Bank and the Ministry reported on Monday.

The total amount subscribed amount reached 964.7 million leva, which corresponds to a bid-to-cover ratio of 1.93. The spread reported against the analogous German Bunds is 81 basis points. The largest amount of government securities was acquired by banks, 63.4 per cent, followed by pension funds, 20.2 per cent, insurance companies, 6.4 per cent, guarantee funds, 5 per cent, and other investors, 5 per cent.