The Ministry of Finance announced plans to auction ten-year government securities totaling EUR 210 million on May 11, according to the Bulgarian National Bank’s website on Monday. These bonds originate from issue BG 20 400 26 218 and carry an annual interest rate of 3.5%. This upcoming sale represents the ninth instance of new debt placement on the domestic market since the beginning of the year, as per the Finance Ministry’s records.
The cumulative amount of new debt raised year-to-date reaches EUR 1.2 billion. Should this auction proceed as planned, the total issued debt for the current year will accumulate to EUR 1.41 billion. The Ministry has already conducted two previous placements of the same issue (BG 20 400 26 218) in 2026.
In February, EUR 150 million in government securities were issued 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 under extended budget conditions. This debt can be utilized solely for refinancing existing obligations, up to the amount equivalent to the annual repayments on debt already taken on.
Topics: #ministry #eur #year
