Bulgaria to auction BGN 200m of 5.5-year government securities on 26 September
Source: BNB; FFBH
The Ministry of Finance has announced an auction for BGN 200m of 5.5-year government securities (GS) on 26 September. The bonds have 3.20% semi-annual coupon and mature on 28 March 2028. Recall that the previous auction for government securities was held on 19 September. The issue had size of BGN 200m and duration of slightly less than 4 years and was sold at a positive weighted average yield of 3.01% (+147 bps spread to the German Bunds), while the bid-to-cover ratio reached 1.51.