Bulgaria's cabinet to place Eurobond on international markets by mid-2012.

By bne IntelliNews March 23, 2012
Finance minister Simeon Dyankov unveiled in an interview for the state-run TV channel BNT that the government will place a Eurobond issue by July 2012. The issue will cover payments on the state debt, maturing at the beginning of the next year. Earlier in March, Dyankov said that the repayment of the BGN 1.7bn (EUR 869mn) debt maturing in January 2013 will be financed through privatisation receipts, short-term securities with maturity of up to three years and a mid-term Eurobond with maturity of five or seven years and all three source will have equal contribution. As recalled, the 2012 budget law provides for placing a gross amount of BGN 1.2bn on the domestic market and net external financing of EUR 1.2bn, including an option for EUR 1bn bond placement on the international market.

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