Bulgarian National Bank to sell five-year government bonds amounting to EUR 250 million

The Bulgarian National Bank is planning to hold an auction for the sale of five-year government bonds amounting to EUR 250 million. The auction is expected to be held on November 8. Since the beginning of 2021, Bulgaria has sold government bonds to the tune of EUR 1.15 billion.

 The debt ceiling set in the 2021 state budget is EUR 2.25 billion. On October 26, the Bulgarian National Bank sold ten-year treasury bonds to the tune of EUR 250 million. Bulgaria’s caretaker Minister of Finance Valeri Belchev has instructed all state institutions to propose measures aimed at reducing costs in their 2022 budgets. The 2022 state budget will be adopted by the future 47^th National Assembly.