Bulgaria Plans To Issue 614 Mln Euro in Debt in 2013
Bulgaria plans to issue domestic government securities worth around 1.2 billion levs ($799.7 million/613.5 million euro) in par value next year, the finance ministry said.
The share of securitized debt in Bulgaria's overall government debt is planned to reach 44% by the end of 2013, the ministry said in a statement published on its website.
Bulgaria plans to issue three-, five- and 10-1/2-year government securities denominated in levs and seven-year bonds denominated in euro in 2013 to finance the state budget and refinance domestic debt at an optimal price.
Bulgaria issued a 950 million euro ($1.23 billion) five-year benchmark eurobond in July 2012, aiming to secure finances for repaying a global bond maturing in early 2013. The finance ministry said at the end of last year that it planned to issue government securities with a nominal value of 1.22 billion levs in 2012.