site.btaFinance Ministry Auctions off BGN 300 Mln in 7-Year Treasury Bonds

Bulgaria's Ministry of Finance placed BGN 300 million in 7-year Treasury bonds at an auction on Monday, the Ministry said. The bonds from issue No. BG 20 400 25 210 dated January 29, 2025 carry a fixed annual interest rate of 3.25%.

The total amount of submitted bids reached BGN 446.2 million, resulting in a bid-to-cover ratio of 1.49. The reported spread compared to equivalent German federal bonds is 85 basis points. The weighted average annual yield achieved at the auction was 3.25%.

This is the 11th domestic debt auction in 2025, bringing total domestic issuance so far this year to BGN 2.7 billion. Bulgaria has also raised debt on international markets in 2025: EUR 4 billion (BGN 7.82 billion) in April and EUR 3.2 billion (BGN 6.25 billion) in July, taking total new debt to about BGN 16.8 billion, below the BGN 18.9 billion ceiling for the year.