Bulgaria raises €2.5 billion on international debt markets

The Finance Ministry raised €2.5 billion on international capital markets on July 7, Deputy Prime Minister and Finance Minister Galab Donev told BNR and BTA after a meeting of Parliament's Budget and Finance Committee.

Donev said the bond issue was in line with Parliament's decision to raise the country's debt ceiling by up to €3.8 billion under the budget extension law. The borrowing was carried out in three tranches maturing in 2032, 2038 and 2042.

He said Bulgaria was likely to return to international markets before the end of the year because the government had yet to raise all the funds needed to finance payments under the National Recovery and Resilience Plan and to cover the projected budget deficit.

According to the draft 2026 State Budget Act, the maximum amount of new government debt this year is €10.1 billion.

Editor: Ivo Ivanov