Bulgaria Selling First Dollar Bonds in Two Decades Amid Upheaval
- Bulgaria is offering euro, dollar bonds to cover debt, deficit
- Seventh election in less than 4 years is scheduled for October
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Bulgaria is selling US dollar-denominated bonds for the first time in 22 years as it seeks to plug a budget deficit and repay maturing debt amid a protracted political crisis.
The country is offering long 12-year dollar securities, as well as euro notes due in eight and 20 years, in a deal that may price today, according to a person with knowledge of the matter. BNP Paribas SA, Citigroup Inc., ING Groep NV and UniCredit SpA are running the deal.