Bulgaria has raised an external debt of €2.3bn euros through two separate issues on international markets, marking a significant milestone in its fiscal management. The debt is divided into two tranches with varying maturity periods, with the first maturing in 7.5 years and the second having a 12.5-year horizon.
The choice of issuing bonds with differing maturities allows Bulgaria to optimise its debt management strategies and balance its repayment obligations over time. The success of this debt offering is attributed to the timing of the offering, which was characterised as having been „chosen at a very good time.”
The debt is a clear indicator of Bulgaria’s strong financial reputation and the confidence of global investors in its economic prospects. This marks the second external debt issuance by Bulgaria this year, and the funds raised will be instrumental in financing the country’s deficit and refinancing maturing debt.
