/ world today news/ The treasury paid off the bridge loan in the amount of 1.5 billion. euro
The state debt exceeded 12 billion. euro after the last operations to pay off old debts. Yesterday, the Ministry of Finance paid off the 18th December 2014. bridging loan in the amount of 1.5 billion euro to HSBC Bank Plc, SOCIETE GENERALE, CITIBANK, NA, LONDON BRANCH and UNICREDIT BULBANK AD. The loan was agreed for a period of six months, and was taken because of the loan granted to the Deposit Guarantee Fund, with which the guaranteed deposits in KTB were paid, as well as to finance the budget deficit for 2014. and to ensure liquidity of the banking system. With the early repayment of the loan on March 27, 2015. the state budget saves 3.7 million euro interest costs, the Ministry of Finance announced.
The repayment of the loan became possible because on March 26, the treasury received the funds from the triple tranche of Eurobonds issued last week with a total nominal value of 3.1 billion. euro. The latest official data of the Ministry of Finance on the state debt are at the end of January, when it was 10.6 billion. euro. Since then, debt operations on the domestic market have been of minimal volume. It even came to the cancellation of planned issues of government securities due to the availability of enough money in the treasury – both because of the launch of the new issues on the international markets and because of the increase in revenues in the budget – they are already 820 million. BGN more than the first quarter of last year. Thus, after the operations of issuing new bonds on the international markets and paying off the bridge loan, the total amount of the government debt is now close to 12 billion. euro.
#brought #state #debt #billion #euro
