Bulgaria to auction 255.6 mln euro of 7-1/2-yr T-bonds on Nov 22

Bulgaria to auction 255.6 mln euro of 7-1/2-yr T-bonds on Nov 22

Bulgaria will seek to raise 500 million levs ($290.3 million/255.6 million euro) at an auction of seven-and-a-half-year fixed-rate Treasury bonds on November 22, the Bulgarian National Bank (BNB) said.

The government securities carry an annual coupon of 0.25% and will mature on May 24, 2029, the BNB said in a statement.

The finance ministry will offer additional amounts of bonds from this issue at future auctions, according to the statement.

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