Bulgaria to Offer €100 Million in New 10-Year Government Bonds

Bulgaria's Ministry of Finance will offer €100 million in new government debt on the domestic market through an auction of 10-year bonds, according to an announcement on the Bulgarian National Bank's website. The securities carry an annual coupon of 3.50%.

This latest auction brings the total debt financing raised since the start of the year to €6.5 billion. Of that, €1.75 billion has been raised from the domestic market, while €4.75 billion came from international capital markets through issues in July and September.

The maximum amount of new government debt that can be taken on this year, as set out in the state budget, is €10.1 billion. This includes a loan of up to €3.26 billion under the European defence instrument known as SAFE.

According to the Bulgarian National Radio, the country's total government debt is expected to reach €37.7 billion by the end of 2026, equivalent to 30.1% of gross domestic product.

The auction is part of the government's routine borrowing programme to finance the budget and refinance maturing obligations. Investors can participate through licensed banks and primary dealers.