Bulgaria to auction €150 mln in five-year government bonds on April 20

The Ministry of Finance will offer €150 million in five-year government bonds at an auction on April 20, the Bulgarian National Bank said. The bonds carry a fixed annual interest rate (coupon) of 2.75%.

The ministry reserves the right to increase the amount offered, as well as to reject bids, including accepting a volume different from that initially announced.

This will be the eighth auction of new government debt on the domestic market since the start of the year. Total borrowing has reached €1.05 billion so far, according to Finance Ministry data cited by BTA.

If the auction is successful, total new debt issued this year will rise to €1.2 billion.

Editor: Diana Tsankova