Romania attracts USD 2 bln with 10-year and 30-year bonds on foreign markets

Romania has attracted USD 2 billion via two bond issuances on international markets, with maturities of 10 and 30 years and yields under the indicative levels presented to investors. The 10-year bonds were sold at 215 basis points over the benchmark level of the US Treasury securities, meaning the yield was about 5 percent, reports local news agency Mediafax. The 30-year bonds were sold at 245 basis points, also above the reference cost of the US Treasury securities, the yield being 6.23 percent. The bond issue maturing in 30 years is a first for Romania. The 10-year bonds were placed on the market at an indicative yield of 237.5b basis points, while the ones with 30-year maturity were marketed at 270 basis points. BNP Paribas, Citigroup and JP Morgan were the lead managers of the issuances. The Romanian Ministry of Finance plans to attract financing of around EUR 2 billion from international markets, through the Medium Term Notes (MTN) program, with operations to be carried out according to market conditions. Irina Popescu, irina.popescu@romania-insider.com