"We went to the international markets yesterday to raise the debt pledged in the Budget." The issuance was a success; there was about three times more supply than we hoped to raise on the market.", said Bulgarian Finance Minister Asen Vassilev.
He went to the "Digital Trends" conference.
"We were able to raise the seven-year debt at a premium of 150 basis points, which is 1.5% above the standard and much lower than Bulgaria's previous issue." "The premium was over 2.5% higher there," Vasilev said further. The Finance Minister highlighted that the debt will be utilized primarily for budget refinancing. "We have now taken slightly more than 2 billion euros," Vassilev revealed.
Vassilev also addressed allegations that during the municipal election, the "We Continue the Change - Democratic Bulgaria" collaborated with the Bulgarian Socialist Party and "Revival" political party against GERB, claiming that they were their major opponent in Sofia. "This is all pre-election tittle-tattle. "I hope the tittle-tattle is over now," Asen Vasilev stated.
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