Bulgaria has won the top spot in the Most Impressive Borrower in Central & Eastern Europe category of GlobalCapital Bond Awards 2015, the Finance Ministry in Sofia announced on Thursday.
The award went to Bulgaria in recognition of the successful placement of a 3.1 billion euros new benchmark triple-tranche bond comprising of seven-, 12- and 20-year maturities in March at the best possible market conditions, the Finance Ministry said in a statement.
Coupon on the bonds was at one of the lowest levels achieved by Bulgaria on global capital markets so far. The transaction drew strong investor interest and wide diversity of bids, which testify to Bulgaria’s good creditworthiness, stable macroeconomic fundamentals and exceptional consistency in financial stability and fiscal discipline policies.
GlobalCapital held its ninth annual Bond Dinner on Wednesday night at the Guildhall in the City of London. GlobalCapital is a leading news, opinion and data service for people and institutions involved in trading on the global capital markets.