Bulgaria's finance ministry to offer EUR 25.5mn of 10.5-year T-bonds on Jan 7.

By bne IntelliNews January 2, 2013
Bulgarias finance ministry will offer BGN 50mn (EUR 25.5mn) in 10.5-year Treasury bonds at an auction on January 7. The bonds carry an annual coupon of 4% and mature on July 9, 2023. At the previous auction for 10.5-year T-bonds that was held in November 2012, the yield dropped to an average of 3.45%, which was an all-time low for the maturity and considerably below the yields at the previous such auctions in 2012: 3.51% in September, 4.12% in August, 4.73% in July, 4.95% in March and 5.35% in January.

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