Bulgaria Sells €4 Billion in Its Biggest Euro Debt Haul

Bulgaria sold a total of €4 billion ($4.5 billion) in bonds, its biggest ever haul of euro-denominated debt in a single day, to fund its growing budget deficit in preparation for euro adoption.

The Balkan country priced a deal for €2.25 billion in 9-year bonds and €1.75 billion in 13-year securities on Monday, according to a person familiar with the matter who asked not to be identified.