Bulgaria successfully tapped international capital markets on Tuesday, raising a total of EUR 2.25 billion through a dual-tranche bond issue, the Finance Ministry said. The transaction represents the country’s second international bond issuance of the year, following a EUR 2.5 billion placement in July.
The Finance Ministry reopened three eurobond issues maturing in 2031, 2034 and 2044, increasing their volumes by EUR 1 billion, EUR 750 million and EUR 500 million, respectively.
The bonds were issued under the Global Medium Term Note Programme, the ministry said.
The ministry noted that the transaction attracted strong investor interest, with total orders exceeding EUR 5.5 billion, including EUR 265 million from the Joint Lead Managers. Strong demand allowed initial spreads to be compressed by 20 basis points for the 2031 and September 2034 tranches, and by 15 basis points for the 2044 bonds.
The final spreads over the interpolated mid-swap rate were established at 60 basis points for the 2031 bonds, 95 basis points for the September 2034 bonds, and 160 basis points for the 2044 issue, yielding 4.235%, 4.608%, and 5.325%, respectively.
The ministry added that the newly incurred sovereign debt falls within the statutory limits set by the 2026 State Budget Act.
Following the operation, the total new debt incurred since the beginning of 2026 amounts to EUR 6.5 billion, including EUR 4.75 billion raised on international markets and EUR 1.755 billion issued on the domestic market, BTA reported.
Under the 2026 State Budget Act, the maximum amount of new government debt that may be incurred during the year is EUR 10.1 billion, including a loan of up to EUR 3.261 billion under the European Security Action for Europe (SAFE) instrument to strengthen the defence industry. Government debt is expected to reach EUR 37.7 billion by the end of the year, or 30.1% of GDP.
Bulgaria Raises EUR 2.25 Bln in International Bond Issue – Finance Ministry THE NEWS FROM BULGARIA – NEWS AGENCY 2009-2025 2026-09-30 14:01:43
Latest news World news Country news Most important news latest news most important latest of the day Economic news Bulgaria, Bulgarian economy news, Bulgaria economic news, latest economic news, breaking economic news, Bulgarian business news, Bulgaria business news. Bulgarian financial news, Bulgaria finance news, Bulgarian markets, Bulgaria stock market, Bulgarian banking sector, Bulgarian investments, foreign investment Bulgaria. Bulgaria inflation, Bulgaria GDP, Bulgarian exports, Bulgarian imports, Bulgaria trade, Bulgarian industry, Bulgarian companies, Bulgarian entrepreneurs. Bulgarian business economy, economic growth Bulgaria, Bulgaria economic policy, Bulgarian fiscal policy, Bulgarian monetary policy, Bulgaria budget, Bulgarian public finances. Bulgaria wages, Bulgarian employment, Bulgaria unemployment, Bulgarian labor market, Bulgaria salaries, Bulgarian taxes, Bulgaria taxation, Bulgaria energy market. Bulgaria real estate market, Bulgarian property market, Bulgaria construction sector, Bulgarian tourism economy, Bulgaria agriculture economy, Bulgarian manufacturing, Bulgaria technology sector. Bulgarian startups, Bulgaria investment news, Bulgaria corporate news, Bulgarian financial markets, Bulgaria interest rates, Bulgarian banks, Bulgaria euro adoption, Bulgaria economic reforms.
BULGARIA NEWS – NEWS AGENCY 2009–2026 2026-09-30 14:01:43
