Bulgaria wants to raise more money

Bulgaria wants to raise more money

Bulgaria will seek to raise 500 million levs ($281 million/255.6 million euro) by reopening an issue of seven-and-a-half-year fixed-rate Treasury bonds at an auction on March 21, 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 on Monday.

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

The seven-and-a-half-year fixed-rate T-bonds were first offered at an auction held on November 22, 2021, in which the government raised 500 million levs. The securities were placed at a weighted average annual yield of 0.49%.

On Monday, the government raised 500 million levs from the sale of three-and-a-half-year fixed-rate Treasury notes due in May 2025.

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