Bucharest’s bond issue, oversubscribed by 50%
The Bucharest City Hall’s recent bond issue was oversubscribed by almost 50%, mayor Gabriela Firea said on Thursday, April 26. The municipality borrowed RON 555 million (EUR 119 million) through a 10-year bond issue to refinance the first…
Romania Insider · Journalist
· Updated · 1 min read
The Bucharest City Hall’s recent bond issue was oversubscribed by almost 50%, mayor Gabriela Firea said on Thursday, April 26. The municipality borrowed RON 555 million (EUR 119 million) through a 10-year bond issue to refinance the first tranche of a EUR 500 million bonds issue from 2015. The new bonds pay a yearly coupon of 5.6%. The bonds started trading on the Bucharest Stock Exchange on Thursday. BCR, BRD and Raiffeisen Bank arranged this transaction for the City Hall. editor@romania-insider.com (photo source: Gabriela Firea on Facebook)
