State T-note issues total BGN 674m in 2004._x000d_

05.11.2004 Source: Pari

Finance ministry will place BGN 72 million worth of treasury notes on the domestic market in December, the total sum of government T-notes thus reaching BGN 674 million for the whole year. The sum is divided into BGN 544 million notes issued in Bulgarian levs, and BGN 130 million issued in euro. The ministry will issue BGN 20 million worth of one-year bills as well as five- and seven-year notes for the same amount. The remaining BGN 12 million will be collected through the traditional three-month T-bill issue. This year the bulk of state treasuries was issued in three- and five-year notes, whose total volume came to BGN 200 million. The ministry issued BGN 80 million worth of seven-year notes, and the same amount in 10-year state securities. During the year the ministry had two emissions of 15-year state securities for a total of EUR 65 million.