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Ministry of Public Finances set to issue Euro-bonds worth 8 billion Euro in the next two years

The Ministry of Public Finances (MFP) contemplates issuing Euro-bonds worth approximately 8 billion Euro (equivalent) over 2018-2019, in the context of the implementation of the annual plan for financing budget deficit and refinancing public debt, according to a draft Government Decision published by this Ministry, Agerpres reads.

2017-12-18 16:38:13

Thus, in order to cover for the financing needs on the external markets in 2018 and 2019 and considering the amount available right now, of 930 million euros, the total value of the government bonds issuance framework-programme, "Medium Term Notes" (MTN Programme) will be supplemented with 7 billion Euro, from 20 billion Euro up to 27 billion Euro.

"As it is now, the Government Decision no. 1264/2010 on the approval of the government bonds issuance framework-programme "Medium Term Notes" (MTN), with the subsequent modifications, regulates the possibility to issue bonds on the external markets, within a certain limit (at any time) of 20 billion euros or equivalent in any foreign currency. The value of the bonds issued and not paid (in euros and US dollars) under the MTN Programme currently stands at 19.1 billion Euro. (…) Right now, the amount available for Euro-bonds issues under the Programme is worth approximately 0.93 billion Euro," specified the substantiation note attached to the normative act regarding the modification of the Government Decision no. 1264/2010.



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