Bulgaria Plans $1.34 Billion Bond Sale in 2014, Premier Says
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Bulgaria plans to tap international bond markets next year for the first time since 2012 to repay maturing debt, Prime Minister Plamen Oresharski said, pledging to resist protests demanding his resignation.
The government plans to raise about 1 billion euros ($1.34 billion) of Eurobonds, Oresharski, 53, said in an interview in Sofia yesterday. A subscription of as much as 360 million euros of Schuldschein loans, promissory notes issued privately under German law, will be completed by the end of the month, Oresharski said.