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.