Romania sells EUR 2.75 bln of FX bonds in second issue this year
Romania issued EUR 2.75 billion of euro-denominated FX bonds with 7-year and 14-year maturities, according to Ziarul Financiar. That takes Romania's Eurobond funding this year to EUR 6.75 billion (2% of GDP) after the country sold the…
iulian ernst · Journalist
· Updated · 2 min read
Romania issued EUR 2.75 billion of euro-denominated FX bonds with 7-year and 14-year maturities, according to Ziarul Financiar. That takes Romania's Eurobond funding this year to EUR 6.75 billion (2% of GDP) after the country sold the equivalent of EUR 4 billion of euro- and dollar-denominated bonds in February.
Finance minister Tanczos Barna concluded on a positive note that the investors' confidence has been restored recently after plunging during the first two months of the year amid political turmoil. He said that the borrowing cost has diminished, indicating "interest rates" of 0.2-0.3 percentage points (pp) lower compared to January: 5.91% for the 7-year maturity and 6.83% for the 14-year maturity.
