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

Bulgaria and Romania become full members of Schengen

The Council of the European Union decided that checks at the land Schengen borders of Bulgaria and Romania will be lifted from January 1, the Hungarian Presidency of the Council of the EU said. In 2024, checks at the air and sea Schengen borders..

published on 12/12/24 11:55 AM

BG Elves: Russia has paid millions of euro for propaganda and interference in the internal affairs of Bulgaria

'Russia has allocated EUR 69 million for the spread of propaganda and significant interference in the internal affairs of Bulgaria and Romania', reported the websites of 24 Chasa daily and Actualno.com , referring to BG Elves. BG Elves claim to..

published on 12/12/24 11:15 AM

GERB is already holding talks for the formation of a government

We are holding talks for a government with the first mandate, GERB Chairman Boyko Borissov told journalists in parliament. He reminded that weeks ago he had appointed a negotiating team comprising Tomislav Donchev, Rosen Zhelyazkov, Raya Nazaryan and..

published on 12/12/24 10:13 AM