200 million Leva (over EUR 102 million) of new debt is expected to be taken out on 13 May this year, according to the Bulgarian National Bank website. This is the date on which an auction has been announced for 6-month treasury bonds with an annual interest rate of 3.25%.
This is the second issue for the year to be auctioned off on the domestic debt market. Three-year bonds worth 200 million Leva were offered in mid-April, which reached a weighted average yield of the issue of 3.01%.
In 2024, Bulgaria has not entered the international markets.
According to the budget, a new debt of 11.7 billion Leva (almost EUR 5.99 billion) can be taken out for the entirety of the year. The country’s indebtedness must not exceed 48 billion Leva (EUR 24.54).
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