Bulgaria sells 255.6 mln euro of 5-yr T-bonds at 0.27% yield – SeeNews

SOFIA (Bulgaria), November 9 (SeeNews) – Bulgaria sold 500 million levs ($295.8 million/255.6 million euro) worth of five-year Treasury bonds due in February 2026 at an auction held on November 8, as yields fell the Bulgarian National Bank (BNB) said.

The T-bonds were placed at a weighted average annual yield of 0.27%, the BNB said in a statement.

Bulgaria sold 500 million levs worth of T-bonds at a weighted average annual yield of 0.53% at the previous auction of the issue held last month.

Details follow (in millions of levs unless otherwise specified or non-applicable):

November October
Nominal value of offered T-bonds 500.0 500.0
Nominal value of bids admitted for participation 634.5 517.9
– competitive 607.5 456.4
– noncompetitive 27.0 61.5
Nominal value of the bids approved 500.0 500.0
– competitive 473.0 438.5
– noncompetitive 27.0 61.5
Weighted average annual yield 0.27% 0.53%
Annual interest rate 0.00% 0.10%
Coverage coefficient 1.27 1.04%

source: BNB

(1 euro = 1.95583 levs)