Bulgaria Sells €3.2 Billion in Bonds After Euro Entry Nod

Bulgaria sold €3.2 billion ($3.7 billion) in a two-part Eurobond deal following credit-rating upgrades spurred by its planned entry into the euro area next year.

The Balkan country is set to become the 21st nation to adopt the euro in 2026 after European Union finance ministers signed off on its bid last week. The approval helped trigger upgrades at Fitch Ratings and S&P Global Ratings to BBB+, three notches above junk and above existing euro member Greece.