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New debt for 2.250 billion euros was taken over by the international markets, the Ministry of Finance announced.

The issue was expected, as our country needs debt financing to cover the deficit and old obligations. 

The bonds are in two tranches.

One is for 7-year bonds in a volume of one and a half billion euros and an interest coupon of 4.125%.

The rest have a maturity of 12 years, the interest coupon is 4.625%.

These values ​​reflect the price the government pays to use the debt resource.

The higher these values ​​are, the less favorable the conditions are for Bulgaria.

Financiers: Slowing growth is causing debt strains and fueling corporate bankruptcies

"The result reflects the tendencies of the international markets to increase the price of the monetary resource in the conditions of global economic and political uncertainty," commented Minister Rositsa Velkova, quoted by the press center of the Ministry of Finance. Market analysts have long warned that the slowdown in external debt issuance is harming our country. because market conditions are tightening.

By law, this year we can take on a total new debt of up to BGN 10,300 billion.

One billion and 800 million BGN have already been taken from the domestic market, and a few days ago the Ministry of Finance sent a calendar for the expected domestic issues.

There will be no new exit to foreign markets until the end of the year, the department adds. 

Foreign Debt

Ministry of Finance