| 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. |
Related Articles
EC urges Bulgaria to comply with EU rules on free movement of capital.
The EC has sent a reasoned opinion to Bulgaria over failure to comply with EU rules on the free movement of capital, the EC said on its website. The privatisation act in Bulgaria introduces ... more
Govt seeks delay of antitrust rules violation procedure against Bulgaria.
Bulgaria will be seeking an extension of the court procedure filed by the EC against the country over irregularities found in the assignment of digital broadcast spectrum, transport minister ... more
Bulgarians hold EUR 100mn in deposits in Cyprus.
Bulgarian individuals and companies hold EUR 100mn in Cypriot banks according to ECB data, BTA reported quoting Reuters. The largest EU depositors in the crisis-hit country are Greece with EUR ... more
Most Read
-
Putin to skip Rio BRICS summit over ICC warrant as Xi signals no-show
15 days ago
-
Turkey yet to prove rare earth deposit has suggested “giant” potential despite reported processing talks with China
10 months ago
-
Uproar in Mongolia as development bank reveals scale of risky loans and NPLs
3 years ago