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Bulgaria: Finance Ministry Approves Schuldschein Loan
Politics ♦
Published: November 8, 2013; 15:15 ♦ (Vindobona)
In order to close the Bulgarian budget deficit gap, the Finance Ministry has decided to take out a Schuldschein loan in the amount of € 360m.
Bulgaria: Finance Ministry Approves Schuldschein Loan / Picture: © Vindobona.org
The loan agreement, which plans the payment of fixed interest rates on three tranches of seven, ten and fifteen years, was approved by the Bulgarian Finance Ministry at the beginning of this week. "On November 4, 2013 Bulgaria's Finance Minister Petar Chobanov has signed promissory note loan contracts (Shuldscheindarlehen, [Sic!]) maturing in 2020, 2023 and 2028 with fixed interest…
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