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, these bonds are from issue BG 20 400 26 218 and carry an annual interest rate of 3.5%. This scheduled auction represents the ninth instance of placing new debt on the domestic market since the beginning of the current year.
The Finance Ministry’s data indicates that the cumulative amount of new debt raised year-to-date totals EUR 1.2 billion. Should this auction proceed as planned, the total issued debt for the year is projected to reach EUR 1.41 billion. Previously, the Ministry had issued amounts from the same issue, BG 20 400 26 218, on two occasions in 2026.
In February, government securities valued at EUR 150 million were placed at an average annual yield of 3.84%, followed by a similar offering in April, which 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 when operating under an extended budget. Such borrowing is limited to refinancing existing obligations, up to the total amount of annual repayments due on previously incurred debt.
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The Ministry of Finance has announced that it will auction ten-year government securities valued at EUR 210 million on May 11. These securities, identified as issue BG 20 400 26 218, are reported by t