FINANCE MINISTRY LAUNCHES TWO-YEAR TREASURY BONDS FOR BULGARIANS

Business | January 1, 2002, Tuesday // 00:00

The Finance Ministry launches two-year treasury bonds for Bulgarians via the Bulgarian National Bank /BNB/ as of the beginning of 2002, the BNB announced. The securities face value will be BGN 100. They will be sold between January 2 and 15 as the price will be equal to the nominal on the first day and it will increase by BGN 0.20 till the last day. The maturity date of the securities is January 2, 2004. Interest will be paid every six months. The annual yield of the bonds to the maturity date is 7%.

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