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A new debt of BGN 200 million was assumed by Bulgaria in the form of government securities.

The issue has a weighted average yield of 4.47 percent, which is significantly higher than last week, the Ministry of Finance reports.

The state assumed new debt for only BGN 102 million in the form of 10.5-year bonds at an interest rate of 4.01%

"On October 10, 2022, the Ministry of Finance reopened an issue of government securities (Government Securities) with an original maturity of 10.5 years, denominated in BGN, with a maturity date of July 27, 2026. Government securities for BGN 200 million were placed at the auction . aggregate nominal value at a weighted average annual yield of 4.47%. The total amount of submitted orders reached BGN 230.35 million, which corresponds to a coverage ratio of 1.15. The reported spread compared to the analogous German federal bonds is in amount of 263 basis points. Banks acquired the largest amount of government securities at the auction with 80.0%, followed by insurance companies - 14.5%, pension funds - 4.5% and guarantee funds - 1.0%," the announcement reads. .

government securities

issuing debt