October 5 (SeeNews) - Bulgaria will aim to raise 200 million levs ($102 million/102.3 million euro) by reopening a ten-and-a-half-year fixed-rate Treasury bond issue at an auction to be held on October 10, the central bank said.
The bonds carry an annual coupon of 2.25% and are due on July 27, 2026, the Bulgarian National Bank (BNB) said in statement on Tuesday.
In an auction held on Monday, Bulgaria raised 102.75 million levs -- below its original target of 200 million levs, after reopening the same bond issue and placing the securities at a weighted average annual yield of 4.01%.
In a separate statement, the finance ministry cancelled an earlier calendar for sovereign debt auctions and said it will continue its balanced debt management policy in accordance with market conditions on both the domestic and the international capital markets.
The 2022 budget revision, adopted in July, raised the limit on new government debt for the current year to 10.3 billion levs from 7.3 billion levs.
(1 euro = 1.95583 levs)