Bulgaria Sells BGN 0.5 B Worth of Bonds

The builiding of the Ministry of Finance in downtown Sofia. File photo.

Bulgaria has sold state bonds amounting to EUR 234 M (BGN 0,46 B) Monday in order to raise revenue, announced the Finance Ministry.

The requests from investors amounted to EUR 311 M, seven times more than the initially announced EUR 45 M.

Profitability of the 15-year state bonds is 6.45%.

The Ministry of Finance commented that there was intensified interest on the part of insitutional investors such as retirement funds and insurance companies.

The Ministry stated that the development will further stimulate liquidity and trust in the local market of sovereign debt.

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