Eurobonds
Turkish Treasury borrows less than planned in March
The Turkish Treasury concluded its domestic bond sales for March with less than initially planned amount of borrowing.
S&P Upgrades Bulgaria's NEK to 'B+'
SOFIA (Bulgaria), August 9 (SeeNews) - S&P Global Ratings said on Thursday that it has raised its long-term issuer credit rating on Bulgaria's National Electricity Company, NEK, to 'B+' from 'B' with stable outlook.
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German government sees Greek debt relief costing 34 bln euros
The German government estimates debt relief measures for Greece will cost around 34 billion euros over the next 10 years, depending on interest rate developments, a German newspaper reported Wednesday, citing a document from the Finance Ministry.
Bulgarian Financial Institutions Bought Energo-Pro Bonds for over EUR 15 Million
The Czech energy group "Energo-Pro", which owns the electricity distribution network in Northeastern Bulgaria, has emitted
eurobonds for 250m euros in London, of which Bulgarian financial institutions have bought bonds for over € 15 million. This was announced by the company on Friday.
German official cites Greece as reason not to expand eurozone
Bavarian Finance Minister Markus Soeder on Wednesday rejected any expansion of the eurozone to include countries like Bulgaria and Romania, and said his conservative party also opposed euro bonds and the creation of a European finance minister post.
Bulgaria Reduced its National Debt to 24%
The ministry of finance arranged a payment of more than EUR 990 million to holders of five year Bulgarian Euro bonds, issued at an annual coupon of 4.25% on 9 July 2017.
The transaction included a tranche of 7-year bonds worth 1.144 billion euros at an interest coupon of 1.875% and a tranche of 12-year bonds worth EUR 850 million at a 3% interest coupon.
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Banks Highlight Risks to Montenegro's Economy
Four prominent European banks have pinpointed corruption, money laundering, organized crime and the ability of Montenegro to repay its debts as the main risks to its economy.
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Bulgaria Plans No More Eurobond Issues in 2016, Official Says
Bulgaria won't issue further Eurobonds this year after successfully issuing a EUR 1.994 B dual-tranche bond earlier this week, GlobalCapital has reported.
The deal was consisting of a EUR 1.144 B seven-year tranche and a EUR 850 M 12-year tranche.
Gazprom Worried over Possible Delay in Payment from SE Europe
Russian energy giant Gazprom believes Bulgaria, Greece, Macedonia and Serbia might put off payment for gas, oil and other kinds of fuels or not pay at all, Russian newspaper Vedomosti reports.
The daily cites documents prepared by Gazprom on the occasion of forthcoming Eurobonds issuance.
Bulgaria's Govt Debt at 26.4% of GDP at End-2015
Bulgaria's government debt totalled EUR 11.61 B at the end of 2015, increasing from EUR 11.30 B a the end of the previous year, Finance Ministry data showed on Friday.
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