Bulgaria picks BNP Paribas, HSBC and Raiffeisen to manage Eurobond float

Bulgaria’s finance ministry has selected BNP Paribas, HSBC and Raiffeisen as mediators for the eurobond issue that the country plans to float this year. The three banks have been appointed to advise the Bulgarian state as well as manage the sale of the bond. The authorities evaluated bids submitted by 17 financial institutions. Bulgaria plans to tap international markets at the end of May or in June to raise funds to repay about USD 1.07 bn in 11-year eurobonds maturing on January 15, 2013.

Source: Novinite