New government debt auction: What to expect on July 27?

The Ministry of Finance (MoF) is planning another active move on the domestic market by offering 5-year government securities (GS) worth 100 million euros. The auction is scheduled for July 27, with the information confirmed through an official announcement by the Bulgarian National Bank (BNB).

This is the tenth auction for issuing new debt on the domestic market since the beginning of 2026.

Issue details

  • Issue No: BG 20 301 26 119
  • Type: 5-year government securities
  • Purpose: Financing the state budget

Currently, the issue has been reopened three times this year. Upon successful placement of these 100 million euros, the total new debt raised on the domestic market for 2026 will reach 1.51 billion euros.

Total amount of government debt for 2026

Following the successful issue on international capital markets at the beginning of July (2.5 billion euros in three tranches), the total amount of new debt for the year will rise to 4.01 billion euros. According to the draft budget, the ceiling for new debt for 2026 is fixed at 10.1 billion euros, and expectations are that total debt will reach 37.7 billion euros, which represents about 30.1% of the country's GDP.