Bulgaria Sells State Bonds Big

Bulgaria Sells State Bonds Big

The Bulgarian National Bank announced a major sale of EUR 61.5 M worth of state bonds, exceeding more than four times the initially planned amount.

The average profitability of the bonds sold is 3.15%. Last week the National Bank also scored a BGN 90 M sale, with an initially offered amount of BGN 45 M.

Thus the total amount of state bonds sold for just two weeks is over BGN 200 M. The Bulgarian Ministry of Finance plans to auction more issued state bonds.

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