FinMin Starts Preparations for Eurobond Issue

FinMin Starts Preparations for Eurobond Issue

Bulgaria's government said it authorised finance minister Simeon Dyankov to start preparations for issuing euro-denominated government securities on the international capital markets.

The new eurobond issue could be up to 2.0 billion levs ($1.34 billion/1.02 billion euro) or its equivalent in other currency, the government said in a statement on Wednesday, following a regular weekly meeting.

The new issue will be 950 million euro ($1.25 billion) with a maturity of either five or seven years, daily Dnevnik quoted Dyankov as saying after the meeting.

According to the country's finance minister, the issue will have significantly lower annual yield than the 7.5% on euro global bond maturing in January 2013, due to the strong competition between the financial institutions.

In March, Dyankov said that Bulgaria is considering launching the issue by early June in order to repay the 816 million euro global bond maturing in January.

Previous Next
Test Caption
Test Description goes like this
Cookies Preferences
Choose Type of Cookies You Accept Using

These cookies are required for the website to run and cannot be switched off. Such cookie are only set in response to actions made by you such as language, currency, login session, privacy preferences. You can set your browser to block these cookies but our site may not work then.

These cookies allow us to measure visitors traffic and see traffic sources by collecting information in data sets. They also help us understand which products and actions are more popular than others.

These cookies are usually set by our marketing and advertising partners. They may be used by them to build a profile of your interest and later show you relevant ads. If you do not allow these cookies you will not experience targeted ads for your interests.