The Ministry of Finance successfully reopened an issue of 20-year GS at an average weighted yield of 1.42 %


On 26 August 2019, the Ministry of Finance reopened the issue of 20-year BGN-denominated Government Securities (GS) maturing on 21.06.2039, which was placed on 21.06.2019.

The auction resulted in successful placement of Government Securities with an aggregate nominal value of BGN 200 million, at a weighted average yield of 1.42 %. The subscribed amount totalled BGN 244.2 million, which corresponds to a bid-to-cover ratio of 1.22.

The allocation of the acquired volume of GS by types of investors was as follows: banks acquired the biggest amount of GS at the auction – 61.4 %, followed by insurance companies – 17.5 %, pension and guarantee funds – 16.6 %, investment intermediaries – 2 %, and other investors – 2.5%.

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