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Within the framework of the budget deficit the government takes on new 3-year debt

Bulgarian National Bank building
Photo: BGNES

The Bulgarian National Bank held an auction for the sale of securities with 3-year maturity at a 3% interest rate. At the auction, the Ministry of Finance offered bonds worth EUR 150 million. Interest will be paid once in 6 months, with the loan principal being paid with the last payment. Commissions worth a total of EUR 182,45 million were asdmitted. 81% of the bonds were purchased by banks, 9% by insurance companies, 8% by pensions and guarantee funds and 2% by other investors. This is the third auction for 2024, with the new debt budgetary threshold being EUR 5.9 billion. The sum the treasury actually needs will be EUR 4.86 if the deficit does not exceed the EUR 2.97 billion set down. 



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