Ministry of Finance Reopens 5-Year Issue of GS at Weighted Average Yield of -0.15%


On 7 September 2021 the Ministry of Finance reopened an issue of 5-year BGN-denominated government securities (GS) maturing on 24 February 2026. GS of an aggregate nominal value of BGN 200 million were offered successfully at the auction at a weighted average yield of -0.15%.

The total subscribed amount reached BGN 423.85 million, which corresponds to a bid-to-cover ratio of 2.12. The spread reported as against the analogous German Bunds is 55 basis points. The participants were highly interested, with the biggest amount of GS acquired by banks – 73.0%, followed by insurance companies with 16.5%, pension funds with 3.0% and other investors with 7.5%.

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