BGN 100M Added to 7-Year Government Bonds

BGN 100M Added to 7-Year Government Bonds

Business 24 March 2025 21:00

The Finance Ministry reopened a 7-year government securities issue on Monday, initially launched in January 2025. The BGN-denominated issue matures on January 29, 2032, with a 3.25% interest coupon, CE Report quotes BTA

The volume was increased by BGN 100 million, bringing the total to BGN 500 million. The auction saw a 3.43% annual weighted average yield, with BGN 301.2 million in subscriptions, resulting in a bid-to-cover ratio of 3. This marks the sixth domestic debt auction in 2025, with total debt issued so far reaching BGN 1 billion. The State Budget caps new debt at BGN 18.9 billion for the year.

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