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Bulgaria takes a new national debt

published on 9/19/22 1:12 PM

Photo: Archive

On September 19, the Bulgarian National Bank (BNB) announced a tender procedure for the taking of internal debt of 100 million euros. The bonds of the Ministry of Finance have a maturity of 10.5 years and an interest rate of 2.25 percent. For this purpose, an issue from January 2016, maturing on July 27, 2026, will be reopened, the BNB announced.

In April, Bulgaria's Ministry of Finance rejected already submitted orders for the assumption of a debt of 250 million euros with a maturity of one and a half years and an interest rate of 1.5%

Since the beginning of the year, Bulgaria has taken on internal debt to the tune of 900 million euros and 1.225 billion euros from the foreign market.

According to the law on the state budget, in 2022 Bulgaria can take on a debt of over 5 billion euros.

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Radio Bulgaria Economy BNB Bulgarian National Bank debt internal debt Ministry of Finance

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