Bulgaria's finance ministry places 10.5-year bond with 5.35% yield.

By bne IntelliNews January 10, 2012
The finance ministry placed a 10.5-year bond, which the ECB will use as a benchmark for calculating the harmonised long-term interest rate used as a Maastricht criterion. The yield reached 5.35% as compared to 5.49% reached at a similar tender a year earlier. The ministry offered for sale bonds in the amount of BGN 50mn (EUR 25.6mn) and the subscription rate reached 2.73. Pension funds accounted for 49% of the purchases, while the banks and the insurance companies shares were 35% and 10%, respectively.
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