Romania aims to raise up to EUR 3 bln from domestic market

Romania's Public Finance Ministry wants to raise between RON 12 and 14 billion – the equivalent of EUR 2.6 billion to EUR 3.1 billion – in the second quarter of this year by selling state titles on the domestic market. If fully raised, this sum will be close to the amount Romania attracted in the first quarter of the year from the domestic market. Around a quarter of the amount would come from treasury certificates. In April, the Treasury will issue certificates worth some EUR 955 million. Citigroup, Societe Generale, UniCredit and ING were tasked with preparing a new EUR – denominated bond issuance, with a ten-year maturity, which should be launched within two weeks, according to banking sources quoted by Mediafax newswire. editor@romania-insider.com