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Bulgarian National Bank holds an auction for the sale of ten-year treasury bonds to the tune of EUR 250 million

Photo: BGNES-archive

The Bulgarian National Bank is holding an auction for the sale of ten-year treasury bonds to the tune of EUR 250 million. The bonds are expected to carry an annual coupon of 0%.

 Since the beginning of 2021, Bulgaria has sold government bonds amounting to EUR 900 million. The debt ceiling set in the 2021 state budget is EUR 2.25 billion. The debt ceiling remained unchanged after the amendment of this year's state budget. This country’s caretaker government is borrowing capital to cover the expected budget deficit. 

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