Bulgaria's Euro Bond Sale Deal Expected to Price Thursday

Bulgaria's projected deal to issue euro bonds is expected to price on 19 March, Reuters has reported.

The country “is taking indications of interest” from investors “for three potential euro bonds” with maturities of seven, twelve and twenty years, the newswire quoted an unnamed source as saying.

The Bulgarian government has yet to decide how much it is going to raise in the sale of euro bonds, part of its EUR 8 B debt plan approved by parliament. The new borrowing will help the government roll over maturing debt and finance budget deficit.

Bulgaria, one of the least indebted countries in Europe, has chosen four banks to manage the bond programme over the next three years - Citigroup Global Markets Ltd., HSBC Plc., Societe Generale and Unicredit Bank AG.

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