The Bulgarian government undertook a large-scale financial operation, successfully placing a new external debt worth 3.2 billion euros through two separate bond tranches. The first tranche amounts to 2 billion euros with a ten-year maturity, while the second is worth 1.2 billion euros with a twenty-year term.
The Ministry of Finance announced that the raised funds will be used for three main purposes: refinancing existing obligations, covering the planned budget deficit, and strengthening the fiscal reserve by improving the liquidity position.
Exceptional interest in the new issue was registered from international investors, which experts define as an unprecedented achievement. Among the main factors for high demand are Bulgaria's upcoming entry into the Eurozone on January 1, 2026, and the recently upgraded country credit rating.
The current financial operation is the second external loan for the current year, following the placement of bonds worth 4 billion euros in April. The total volume of external debt raised since the beginning of the year already exceeds 7 billion euros, demonstrating the active strategy of the financial department to secure the necessary funds.
Market analysts define this issue as extremely timely and strategically important, given the upcoming economic challenges and the process of European integration. The successful placement of bonds reinforces international investors' confidence in the Bulgarian economy and its development potential.
The Ministry emphasized that the achieved conditions are extremely favorable, which is due to the growing financial stability and consistent fiscal policy of the government. The raised funds will provide the necessary flexibility to implement planned economic and social programs.
Expectations are that the new debt will support the processes of modernization and investment in key sectors while maintaining levels of fiscal discipline and responsible management of public finances.