The Bulgarian National Bank announced on Monday that the ministry of Finance plans to auction ten-year government securities totaling EUR 210 million on May 11. These bonds, designated as issue BG 20 400 26 218, carry an annual interest rate of 3.5%. According to the Finance Ministry’s data, this auction represents the ninth instance of placing new debt on the domestic market since the beginning of the year.
Cumulatively, the total new debt raised since the start of the year amounts to EUR 1.2 billion. Should this upcoming auction be successful, the total issued debt for the current year will reach EUR 1.41 billion. The Finance Ministry has already conducted two placements of the same issue (BG 20 400 26 218) in 2026.
In February, government securities valued at EUR 150 million were issued with an average annual yield of 3.84%, followed by a similar offering in April that achieved an average annual yield of 4.18%. Under the Public Finance Act, the Council of Ministers has the authority to incur new government debt, particularly under extended budget conditions. This borrowing can be restricted solely to refinancing existing obligations, up to the level of annual repayments on debt already incurred.
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