New debt incurred by Bulgaria in 2026 surpassed EUR 1 billion, following a successful auction on Monday for an issue of government securities worth EUR 150 million, BTA reported. During the auction, the Finance Ministry offered 10-year treasury bonds with a fixed annual interest rate of 3.5%, according to information on the Bulgarian National Bank's website.
Orders with a total nominal value of EUR 163,205,000 were admitted to the auction, including non-competitive bids amounting to EUR 5,155,000. The coverage ratio achieved was 1.09, and the average price of the bids admitted to the auction was EUR 94.69 per EUR 100 nominal.
Following a decision by the Ministry of Finance, orders amounting to EUR 150 million in nominal value were approved, including EUR 5,155,000 in non-competitive bids. The average annual yield achieved was 4.18%. Eight primary dealers of government securities participated in the auction. The Finance Ministry will offer additional quantities from the issue, the press release notes.
This was the seventh auction of government securities on the domestic market in 2026. As a result, the total amount of new debt incurred by Bulgaria this year stands at EUR 1.05 billion, shows BTA's review of Finance Ministry data.
Under the Public Finance Act, in the context of an extended budget, the Council of Ministers may incur government debt for refinancing outstanding debt up to the amount of annual repayments on debt incurred prior to the start of the relevant budget year.
In 2025, the Finance Ministry issued new debt through the sale of government securities and bonds on international markets amounting to EUR 8.9 billion (BGN 17.4 billion).