BNB issues BGN 100m in government securities
17 March, 2017
BNB is auctioning BGN 100m worth of government securities with a fixed interest rate of 1.95%. The auction of the 10.6-year securities will take place on 20 March 2017. The payment date is set for 22 March 2017. The accumulated interest rate is calculated over a period of 56 days from the issue date (25 January 2017) to the date of payment (21 March 2017). Primary dealers are allowed to participate in the auction with competitive bids both in the form of proprietary trading and on behalf of their clients. They can also participate in the auction with non-competitive tenders on behalf of their clients.