Romania plans new Eurobond issue in following months

Romania plans to sell new bonds on the international markets by July, taking advantage of record-low yields, according to a Finance Ministry official quoted by Bloomberg. The government is seeking to expand the average maturity of its debt by selling a Eurobond with a term of more than 10 years, said Diana Popescu, deputy head of the ministry’s treasury department. She didn’t say how much Romania plans to raise via the sale, which would be the first since October. “We’re planning a transaction in the first half of the year,” Popescu said. “Our plan is to extend the maturity to more than 10 years.” Romania plans to borrow EUR 2.5 billion to EUR 3 billion on international markets in 2015. Romania plans to issue EUR 9.2 bln worth of bonds on local and international markets this year editor@romania-insider.com