LONDON, July 16 The dollar bond of Bulgaria's
troubled Corporate Commercial Bank was marked to record
lows around 45-50 cents in the dollar on Wednesday, traders
said, amid fears no rescue plan for the bank will be approved
before parliament dissolves in early August.
Finance Minister Petar Chobanov said on Wednesday Bulgaria
was considering a solution to help the bondholders, but his
government has struggled to reach a consensus with political
parties on the terms of the rescue of CorpBank, which requires a
special law to be passed in parliament.
The bond, which matures on Aug 8, traded at par as recently
as mid-June. But analysts were pessimistic a deal can be reached
in time because parliament is due to dissolve on Aug 6 before
(Reporting by Sujata Rao, editing by John Stonestreet)