Bulgaria Places Successfully Schuldschein Loan

Bulgaria Places Successfully Schuldschein Loan

Bulgaria successfully completed the private placement of assignable Schuldschein loans with a maturity of seven, ten and fifteen years, the finance ministry said.
The loans are a seven-year 30.5 million euro loan with an annual interest rate of 3.397%, a 10-year 103.5 million euro loan with an annual interest rate of 4.10%, and a 15-year 156 million euro loan with an annual interest rate of 4.60%. 
Investor demand exceeded the loans’ ceiling but in view of high demand for government securities on the domestic market and the cap on state debt, the finance ministry approved a total 290 million euro in debt under the three loans.
With the funds the government will fill budget gaps, increase its fiscal reserves and minimize its liquidity risk at the beginning of 2014, the finance ministry said in November.
 
Cookies Preferences
Choose Type of Cookies You Accept Using


These cookies are required for the website to run and cannot be switched off. Such cookie are only set in response to actions made by you such as language, currency, login session, privacy preferences. You can set your browser to block these cookies but our site may not work then.


These cookies allow us to measure visitors traffic and see traffic sources by collecting information in data sets. They also help us understand which products and actions are more popular than others.


These cookies are usually set by our marketing and advertising partners. They may be used by them to build a profile of your interest and later show you relevant ads. If you do not allow these cookies you will not experience targeted ads for your interests.