The International Finance Corporation (IFC), the World Bank's private investment division, has launched a RON 70 million (EUR 15.3 million) bond issue via private placement.

This is IFC’s first bond issuance in Romanian currency lei, based on a recent approval from the Romanian Government.

“The issuance of IFC’s first RON denominated bond is in line with IFC’s strategy to source long-term funding in an increasing number of currencies and expand the menu of local currency financing options for our clients,” said Jingdong Hua, IFC Vice President and Treasurer.

The bonds have a one-year maturity and were sold to a combination of international and local investors. The issuance of bonds supports IFC's investments in Romania’s private sector.

Societe Generale acted as the sole arranger for the bond.

editor@romania-insider.com