Bulgaria's Government to Take A Loan

Business | March 19, 2014, Wednesday // 14:11
Bulgaria: Bulgaria's Government to Take A Loan Bulgarian Finance Minister Petar Chobanov, Photo by BGNES

Bulgaria's Government approved the preparations for issuing state bonds at the international stock market, said the Government press office. 

The Government authorized Finance Minister Petar Chobanov to negotiate with the selected managing banks and the legal consultants, as well as to sign on behalf of the state all necessary documents. 

The BGN 3.9 B loan was envisioned in the 2014 State Budget. Part of the loan will be used for refinancing the USD 1.086 B bonds issued in 2002, whose maturity is in January 2015. 

Another part of the loan will be used for paying off other debts, which expire this year.

We need your support so Novinite.com can keep delivering news and information about Bulgaria! Thank you!

Business » Be a reporter: Write and send your article
Tags: Petar Chobanov, state bonds, loan

Advertisement
Advertisement
Bulgaria news Novinite.com (Sofia News Agency - www.sofianewsagency.com) is unique with being a real time news provider in English that informs its readers about the latest Bulgarian news. The editorial staff also publishes a daily online newspaper "Sofia Morning News." Novinite.com (Sofia News Agency - www.sofianewsagency.com) and Sofia Morning News publish the latest economic, political and cultural news that take place in Bulgaria. Foreign media analysis on Bulgaria and World News in Brief are also part of the web site and the online newspaper. News Bulgaria