site.btaFinance Ministry Does Not Approve Subscription of Auction for Sale of Government Securities

The Finance Ministry did not approve the subscription of an auction for the sale of government securities, the Ministry said on Monday.

On April 4, the Finance Ministry held an auction for the sale of 10.5-year government securities with a volume of 500 million leva maturing on October 6, 2032. Market participants submitted bids of an aggregate nominal value of 452.45 million leva. Taking into account the status of the fisc and the purpose of optimal price financing, the Ministry did not approve the subscription.