Text size

Bulgaria takes on new debt of 3 billion euros and 1.5 billion dollars

published on 8/29/24 6:30 PM

Photo: BGNES

Bulgaria has taken on new foreign debt of 3 billion euro and 1.5 billion US dollars, the Finance Ministry has announced. The triple tranche of Bulgarian bonds has sparked great interest among investors, allowing the country to secure extremely favourable terms, reports BNR financial reporter Marta Mladenova. For the first time in 20 years, Bulgaria is offering bonds denominated in US dollars. This transaction is in line with the main objectives of debt management in 2024: to raise the necessary funds to refinance outstanding debt, finance planned budget deficits and ensure the liquidity position of the fiscal reserve.

Последвайте ни и в Google News Showcase, за да научите най-важното от деня!

Radio Bulgaria Economy bulgaria economy foreign debt

More from category

Sofia best city in Europe to retire to: Moneypenny survey

Sofia is the best city in Europe to retire to, according to a survey by the business solutions company Moneypenny, Forbes writes. The survey takes into account factors such as average cost of living, retirement savings needed, and a variety of..

published on 8/6/24 11:29 AM

The Bulgarian National Bank has lowered the base interest rate

The Bulgarian National Bank has lowered the base interest rate for the second consecutive month. As of August 1, it stands at 3.53%, down from 3.63% in July. Since the end of 2023, the base interest rate has been gradually falling. From February..

published on 8/1/24 11:39 AM

Low debt, Euro aspiration and EU membership are the positive factors in Moody's assessment of Bulgaria

Moody's expects Bulgaria to join the Eurozone no later than the beginning of 2026. According to the rating agency, the growth of the Bulgarian economy in 2024 will be 2.9%. The ongoing domestic political crisis and the likelihood of new early elections..

published on 7/30/24 12:30 PM