08.04.2015

The three bonds newly issued under the Global medium-term programme of the Republic of Bulgaria have performed extremely well on the secondary market. According to data of the business platform of Bloomberg (Bloomberg Fixed Income Trading Active Bonds), these bonds were the best traded in terms of volume EUR-denominated sovereign securities issued on the international capital markets in the period from 19 March 2015, when the subscription process started, to 7 April 2015. The good performance of the newly issued bonds on the secondary market shows investors' confidence in the public finance policy pursued by the government.

Indicative of the successful placement of the triple tranche is also the fact that on 24 March 2015 the credit rating agency Fitch awarded a "BBB" rating to the three bonds which is one level higher than the sovereign rating of Bulgaria (BBB-). The credit ratings awarded by Moody's and Standard and Poor's to the new bonds are identical to the sovereign ratings of the Republic of Bulgaria awarded by them.