Bulgaria added another €150 million to its debt

The Bulgarian National Bank held an auction to sell part of issue No. BG 20 301 26 119/28.01.2026 (five-year interest-bearing treasury bonds) maturing on 28.01.2031, under terms set by the Ministry of Finance.

Treasury bonds from the aforementioned issue were sold at the auction in the amount of 150,000,000 euros at an interest rate of 2.75% per annum. The payment date for the approved amount is April 22, 2026. Interest is paid every six months, starting from the date of issue, with the final payment made together with the repayment of the issue’s face value.

Bids with a total nominal value of 224,100,000 euros were admitted to the auction, including non-competitive bids with a total nominal value of 4,100,000 euros. The coverage ratio achieved was 1.49. The average price of the bids admitted to the auction was €97.16 per €100 face value.

The weighted-average yield achieved at Monday’s auction was 3.33%. By comparison, when the same issue was reopened on March 9, when €150 million was again placed, the average yield achieved was lower – 3.03%.

Translated with DeepL.