The Ministry of Finance announced that it will offer ten-year government securities totaling EUR 210 million at an auction scheduled for 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 sale marks the ninth auction for placing new domestic debt since the beginning of the year.
Data from the Finance Ministry indicates that the total amount of new debt raised year-to-date stands at EUR 1.2 billion; a successful auction would bring the cumulative issuance for the year to EUR 1.41 billion. In 2026, the Ministry has already conducted two placements of these specific securities. In February, government securities valued at EUR 150 million were issued with an average annual yield of 3.84%.
A subsequent offering in April saw a similar amount placed, achieving an average annual yield of 4.18%. Legally, under the Public Finance Act, the Council of Ministers retains the authority to incur new government debt. This power is limited, particularly under an extended budget, allowing debt issuance solely for the purpose of refinancing existing obligations, up to the level of annual repayments on debt already incurred.
The ongoing activity reflects the Ministry’s management of the national debt structure throughout the current year.
Topics: #ministry #eur #year
The Ministry of Finance has announced that it will auction ten-year government securities amounting to EUR 210 million on May 11. According to the Bulgarian National Bank, the bonds are from issue BG