Bulgaria is selling dollar bonds for the first time in over 20 years

Bulgaria’s caretaker government plans to raise 1.5 billion euros through the issuance of US dollar-denominated bonds, marking the first time in 22 years. The move is aimed at addressing the country’s budget deficit and covering maturing debt amidst a prolonged political crisis. The offering includes 12-year dollar-denominated securities and euro-denominated bonds with maturities of 8 and 20 years, with pricing expected as early as August 28.

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