Bulgaria to auction 102 mln euro of 2027 T-bonds on July 22

Sofia: Bulgaria’s finance ministry seeks to raise 200 million levs ($111.4 million/102.3 million euro) by reopening a three-year fixed-rate issue of Treasury bonds at an auction on July 22, the central bank said.

Bulgarian National Bank, Sofia. Image license: Bjoertvedt, CC BY-SA 4.0, via Wikimedia Commons.

The government securities bear an annual coupon of 3% and will mature on April 17, 2027, the Bulgarian National Bank (BNB) said in a notice on Friday.

At the previous auction of the same issue held in June, the finance ministry sold 200 million levs worth of T-notes at a weighted average annual yield of 3.44%.

Last week, Bulgaria raised 200 million levs by reopening a six-year fixed-rate T-bond issue, placed at a weighted average annual yield of 3.82%.