Bulgaria to Raise 51 Million Euros Through Reopening of Seven-Year Treasury Notes

Sofia, The Gulf Observer: Bulgaria plans to raise 100 million levs (approximately 51 million euros or 55.7 million dollars) by reopening a seven-year fixed-rate Treasury note issue at an auction scheduled for March 24, the Bulgarian National Bank (BNB) announced on Friday.

The government securities carry an annual coupon rate of 3.25% and are set to mature on January 29, 2032. At the previous auction of the same issue held last month, the finance ministry successfully sold 100 million levs worth of Treasury notes at a weighted average annual yield of 3.31%.

Additionally, in a separate issuance last week, Bulgaria raised another 100 million levs by reopening a three-year fixed-rate Treasury note issue at a weighted average annual yield of 2.85%.

The forthcoming auction reflects Bulgaria’s continued efforts to secure funding through government securities, maintaining a strategic approach to public debt management.