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Romania attracts EUR 1.25 bln from foreign markets via 10-year euro bonds issue

Romania attracted EUR 1.25 billion euros from the foreign markets on Tuesday via a 10-year eurobond issue with roughly 3.75 percent interest per annum, financial sector sources told Agerpres. According to them, the demand was greater, at some EUR 5 billion.

2014-04-16 16:57:46

Romania attracted two billion dollars from the foreign markets in mid-January by means of two issues of US dollars-denominated bonds for 10 and 30 years respectively.

Minister-delegate for the Budget Liviu Voinea had said in January that Romania planned to make a comeback to the international capital markets by this mid-year and sell 10-year eurobonds as soon as the opportunity emerges as part of its strategy aimed at extending the debt maturity.

He said the money gathered in January allows Romania to fund its budget deficit for six months, i.e. more than the four-month period set in the deal sealed with the International Monetary Fund.

The Romanian Government at the end of last year decided to increase the maximum amount that can be borrowed by the state from the international markets on the medium-term as part of the Medium Term Notes programme to EUR 15 billion from EUR eight billion.



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