November 15, 2021
21:09
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“Rumen Radev’s caretaker government today withdrew another tranche of half a billion levs of state debt. In total, with today’s debt, future generations were obliged by Radev to one day return BGN 3.3 billion and pay interest on them. “The change continues.” GERB leader Boyko Borissov wrote this on his Facebook account.
He also showed the BNB statement, which reads:
“The Bulgarian National Bank held an auction for the sale of part of the issue № BG 20 301 21 110 / 17.11.2021 (three years and six months) maturing on 17.05.2025, under conditions determined by the Ministry of Finance as follows:
The Ministry of Finance offered for sale treasury bonds from the above-mentioned issue in the amount of BGN 500,000,000 and an interest rate of 0.00% per annum. The date of payment for the approved quantity is 17 November 2021. Interest shall be paid every six months from the date of issue, the last payment being made together with the payment of the nominal value of the issue.
Orders with a total nominal value of BGN 983,964,000 were admitted to participate in the auction, incl. non-competitive orders with a total nominal value of BGN 85,757,000. The achieved coverage ratio is 1.97. The average price of the orders admitted to participation in the auction is BGN 99.19 per BGN 100 face value.
According to the decision taken by the Ministry of Finance, orders in the amount of BGN 500,000,000 of nominal value were approved, incl. non-competitive orders in the amount of BGN 85,757,000 at the following prices at BGN 100 face value and the respective yields, calculated according to the methodology used by the Ministry of Finance.
9 primary government securities dealers participated in the auction.
The Ministry of Finance will offer for sale additional quantities from the issue on an auction basis.
