Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 
OFFON

MarketScreener Homepage  >  News  >  Economy & Forex  >  All News

News : Economy & Forex

Latest NewsCompaniesMarketsEconomy & ForexCommoditiesInterest RatesBusiness LeadersFinance ProfessionalsCalendarSectors 
All NewsEconomyCurrencies / ForexCryptocurrenciesEconomic EventsPress releases

Ministry of Finance of the Republic of Bulgaria : THE MINISTRY OF FINANCE ACHIEVED A RECORD LOW YIELD OF 1.66% IN THE MEDIUM TERM SEGMENT OF THE DEBT CURVE

share with twitter share with LinkedIn share with facebook
share via e-mail
0
01/21/2013 | 05:56pm CET
THE MINISTRY OF FINANCE ACHIEVED A RECORD LOW YIELD OF 1.66% IN THE MEDIUM TERM SEGMENT OF THE DEBT CURVE

21.01.2013

The Ministry of Finance has launched a new issue of 5-year BGN denominated Government Securities (GS) maturing on 23 January 2018. At the auction held on 21 January 2013 a yield of 1.66% was achieved, being the lowest ever indicator in the medium term segment of the debt curve. At today's auctions the participants made orders for BGN 126 million while the offer was for BGN 40 million. The analysis of investors shows that in addition to banks which have acquired 37.12% of the approved nominal total, pension funds have shown stronger interest (34.15%), as well as contractual funds and management companies (26.93%). Insurance companies have purchased 1.80% of the issue.

The yield recorded is considerably lower than the current yield on the bonds of a number of EU Member States and countries from the region: Hungary - 5.86%, Slovenia - 5.24%,  Spain - 3.87%, Croatia - 3.76%, Rumania - 3.56%, Italy - 2.87%,  Lithuania - 2.40%, Latvia - 1.78% and is close to the yield on the 5-year French bonds which is 1.08%. The spread to the German Bunds with maturity in 2018 (yield of 0.63%), narrowed to the record for the medium term maturity 1.03 p.p. The downward trend of the cost of Bulgaria's Government financing after the second half of 2012 is maintained. Third consecutive auction since the beginning of the year has registered a serious drop in the yield on government debt.

This is the first 5-year BGN denominated GS issue since 2009. Then it registered yield of 6.35% at the time of its launching.

distributed by
share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news "Economy & Forex"
05:41aChina defers Tonga's loan payments as Pacific nation signs up to Belt and Road
RE
04:24aAPEC ASIA PACIFIC ECONOMIC COOPERATION : 4 Things Vice President Pence said
PU
02:54aCENTRAL PEOPLE GOVERNMENT OF PEOPLE RE : Xi calls for inclusive, rule-based world economy at APEC meeting
PU
02:44aAPEC ASIA PACIFIC ECONOMIC COOPERATION : Leaders Face Challenges Together for Stronger Growth
PU
02:39aPRESIDENCY OF PEOPLE REPUBLIC OF CHINA : 2018/11/18 Premier Li promotes FTA upgrades
PU
02:32aPeople are our greatest asset. Wanna buy them?
RE
01:14aSWIFT BEEF COMPANY RECALLS GROUND BEEF PRODUCTS DUE TO POSSIBLE E. COLI O157 : H7 Contamination
PU
01:00aU.S. Vice President Pence vows no end to tariffs until China bows
RE
12:26aVolkwagen CEO says Waymo has one-two year headstart in autonomous cars
RE
12:09aGerman minister looks to tax cuts as economy contracts
RE
Latest news "Economy & Forex"
Advertisement