The Bulgarian National Bank announced on Monday that the Ministry of Finance will auction ten-year government securities totaling EUR 210 million on May 11. The bonds are identified as issue BG 20 400 26 218 and carry an annual interest rate of 3.5%. According to the Finance Ministry’s data, this transaction represents the ninth auction for placing new domestic debt since the start of the current year.
Cumulatively, the total amount of new debt raised since the beginning of the year has reached EUR 1.2 billion. Should this auction be successful, the total issued debt for this year will amount to EUR 1.41 billion. The Finance Ministry has previously placed amounts from issue BG 20 400 26 218 on two occasions in 2026.
In February, government securities valued at EUR 150 million were issued with an average annual yield of 3.84%. A similar offering occurred 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, specifically in the context of an extended budget.
This borrowing is permitted solely for the purpose of refinancing existing obligations, up to the amount corresponding to the annual repayments on previously incurred debt.
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The Bulgarian National Bank announced that the Ministry of Finance plans to auction EUR 210 million worth of ten-year government securities on May 11. These bonds, identified as issue BG 20 400 26 218