EBRD MAY FLOAT 1 BLN BOND ISSUE IN BULGARIA

Business | October 18, 2001, Thursday // 00:00

`The European Bank for Reconstruction and Development (EBRD) plans to float BGN 1 BLN issue of bonds to Bulgaria,` Deputy Prime Minister and Economy Minister Nikolay Vassilev said. He announced that during the discussion on capital markets in the framework of the Southeast Europe Economic Form. According to Vassilev the Finance Ministry approves the step but believes it will take some time before the Bulgarian monetary market gets prepared for it. This could have profound impact on the whole financial state in Bulgaria, including interest rates levels, according to the Deputy Prime Minister. It is expected that EBRD will start executing its plans next year.

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