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Bulgarian National Bank to sell five-year treasury bonds amounting to more than EUR 250 million

Photo: Tania Harizanova

On October 11, The Bulgarian National Bank will hold an auction for the sale of five-year treasury bonds to the tune of more than EUR 250 million. The bonds carry a fixed annual coupon of 0%.

In 2021, Bulgaria has so far sold EUR 500 million worth of government bonds. The debt ceiling set in the 2021 state budget is EUR 2.3 billion. The government needs to borrow capital to cover the expected budget deficit. The main buyers of bonds are banks and pension funds.

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