Text size

The state refuses to sell undervalued bonds worth 100 million euros

published on 4/28/20 4:06 PM

Photo: BGNES

Bulgaria's Finance Ministry has not accepted the auction of five-year bonds held by the Bulgarian National Bank (BNB). At the sale of debt securities on January 15, 2020 a price of 99.66 euros for a face value of 100 euros was achieved, which is an annual yield of 0.56%.

The auction involved 9 dealers with orders with a total par value of EUR 134 623 300. No non-competing orders have been submitted. The achieved coverage ratio is 1.32.

The Finance Ministry considers investors' proposals unprofitable and all orders have been rejected, the BNB reported. It was decided to offer additional quantities of the issue at an auction principle.

Последвайте ни и в Google News Showcase, за да научите най-важното от деня!

Radio Bulgaria News auction bonds Bulgarian National Bank

More from category

Tourism sector is looking for solutions for the lack of personnel

The personnel crisis in the tourism sector has reached critical levels, with various data indicating that up to 70% of tourist sites are understaffed. Economic losses from unrealized tourism potential are estimated at nearly 500..

published on 4/9/25 6:45 AM

Sub-zero temperatures in the morning and snowfall in higher places

On Wednesday, the wind from the northwest will get stronger. Cloudiness will be variable, more significant in the afternoon. The lowest temperatures will be between minus 5°C and 0°; in Sofia - around minus 3°C and the highest will..

published on 4/8/25 7:35 PM

Meeting with prime minister outlines measures to address road carnage

Measures to reduce road accidents and improve road conditions were discussed today at a meeting convened by Prime Minister Rosen Zhelyazkov. "As colleagues, we are fully aware that the deep-rooted problems we've inherited should not be the subject..

published on 4/8/25 6:55 PM