The Ministry of Finance announced on Monday that it will auction ten-year government securities totaling EUR 210 million on May 11. According to the Bulgarian National Bank, the bonds are from issue BG 20 400 26 218 and carry an annual interest rate of 3.5%. This upcoming auction marks the ninth placement of new domestic debt since the beginning of this year.
The Finance Ministry’s records indicate that the total new debt raised year-to-date amounts to EUR 1.2 billion. Should this auction be successful, the total issued debt for the current year will reach EUR 1.41 billion. In 2026, the Ministry has already placed debt from issue BG 20 400 26 218 on two prior occasions.
Specifically, in February, EUR 150 million in government securities were issued with an average annual yield of 3.84%. A similar offering was made in April, which achieved an average annual yield of 4.18%. Under the Public Finance Act, and given the conditions of an extended budget, the Council of Ministers is authorized to incur new government debt.
This borrowing is restricted solely to refinancing existing obligations, up to the amount of annual repayments on debt already incurred.
Topics: #ministry #eur #year
