On the Day After Elections, Bulgaria will Draw a New Debt of Half a Billion Levs

Business » FINANCE | November 9, 2021, Tuesday // 15:47
Bulgaria: On the Day After Elections, Bulgaria will Draw a New Debt of Half a Billion Levs BNR

The state will incur new debt. It is clear from the BNB website that a new half a billion lev debt will be offered to investors next Monday, this time on government securities with a maturity of 3.5 years.

Such an issue has not been used in the last few years, and the Ministry of Finance resorted to it after the 5-year and 10.5-year securities used this year became more expensive.

So far, the debt assumed since the beginning of the year is BGN 2.8 billion, as it is a combination of issues on the domestic market.

Yesterday it became clear that the 5-year securities already have a positive yield with a negative yield so far and throughout last year.

In the case of 10.5-year government securities, the appreciation is also significant, this time the Ministry of Finance resorted to another maturity - 3.5 years, which has not been used in recent years on the domestic debt market.

If all orders in the proposed volume of half a billion levs are approved, the newly assumed debt from the beginning of the year will reach 3.3 billion levs with a limit of 4.5 billion levs.

The auction will take place on November 15, the day after the 2-in-1 elections - parliamentary and presidential.


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

Finance » Be a reporter: Write and send your article
Tags: levs, billion, debt, elections
Expats.bg All Are Welcome! Join Now!
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