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Romania raises equivalent of EUR 4 bln with first FX bonds after outlook downgrade
Romania sold EUR 2.8 billion in two FX bonds denominated in euros, with maturities of five and nine years, and USD 1.25 billion (EUR 1.21 billion) of 12-year US dollar-denominated bonds, according to Economedia.ro.
iulian ernst · Journalist
· Updated · 2 min read
Romania sold EUR 2.8 billion in two FX bonds denominated in euros, with maturities of five and nine years, and USD 1.25 billion (EUR 1.21 billion) of 12-year US dollar-denominated bonds, according to Economedia.ro.
The timing of the issue is complicated both domestically and internationally, but the government announced an ambitious 2025 budget plan in an attempt to assure investors that the public finances came under control after the political turmoil at the end of last year.
