Bulgaria Plans To Issue 614 Mln Euro in Debt in 2013

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.

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