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Austrian and Germans Offered Most for Bulgarian Schuldschein

Published: December 23, 2013; 17:18 · (Vindobona)

Average interest rates for Bulgarian Schuldschein loan range between 3.4 to 4.6 percent. Austrian and German investors offered most of the € 290m loan.

Austrian and Germans Offered Most for Bulgarian Schuldschein / Picture: © Flickr

According to the Bulgarian Finance Ministry, the loan interests for the Schuldschein taken out by the government range between 3.4 to 4.6 percent. Both Deutsche Bank and Austrian Raiffeisen Bank International (RBI) are the coordinators of the loan. The Schuldschein in the amount of € 290m was raised in a private placement in order to compensate the country’s budget gap.

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