site.btaBulgaria to Auction BGN 300 Mln in 7-Year Treasury Bonds at Sept. 15 Auction

Bulgaria's Ministry of Finance will offer BGN 300 million in 7-year Treasury bonds at an auction on September 15, the Bulgarian National Bank (BNB) said. The bonds from issue No. BG 20 400 25 210 dated January 29, 2025 carry a fixed annual interest rate of 3.25%.

Primary dealers may bid either on their own behalf and account, or on their own behalf but for the account of clients. Primary dealers may also place non-competitive bids in their own name but on behalf of clients who are not banks or investment intermediaries, including those based in another EU Member State or a third country, the BNB said.

Competitive and non-competitive bids are split 50:50, with a maximum of 50% of the competitive allocation per participant.

The Finance Ministry will offer additional quantities from issue No. BG 20 400 25 210 dated January 29, 2025, reserving the right to reject all bids, approve selected bids or adjust the amount offered, according to the BNB, which will conduct the auction.

This is the 11th domestic debt auction in 2025, bringing total domestic issuance so far this year to BGN 2.4 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 16.5 billion, below the BGN 18.9 billion ceiling for the year.