The Ministry of Finance announced on Monday that it will auction ten-year government securities totaling EUR 210 million on May 11. These bonds, identified as issue BG 20 400 26 218, carry an annual interest rate of 3.5%. This upcoming sale represents the ninth placement of new debt on the domestic market since the beginning of the current year, according to the Ministry’s data.
The cumulative amount of new debt raised year-to-date stands at EUR 1.2 billion. Should the scheduled auction be successful, the total issued debt for the year is projected to reach EUR 1.41 billion. The Ministry has previously placed amounts from issue BG 20 400 26 218 on two occasions earlier this year.
In February, government securities valued at EUR 150 million were issued, achieving an average annual yield of 3.84%. Subsequently, a similar amount was offered in April, yielding an average annual rate of 4.18%. Legally, the Public Finance Act permits the Council of Ministers to incur new government debt, under the conditions of an extended budget, solely for the purpose of refinancing existing obligations.
Such borrowing is limited to the amount corresponding to the annual repayments on debt already incurred. The consistent activity by the Ministry underscores the ongoing management of public finances within the Euro region, with transactions involving significant amounts of EUR to support state operations throughout the year.
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The Ministry of Finance announced on Monday that it plans to auction ten-year government securities totaling EUR 210 million on May 11. The bonds, designated as issue BG 20 400 26 218, will carry an a