UK investors buy a third of Romania’s 10-year Eurobonds

Investors from the UK bought a third of the Eurobonds with a 10-year maturity issued by Romania on the external markets last week. The yield for the 10-year bonds worth EUR 1.25 bln amounted to 2.84% per year, which is a record low for such maturity. Investors from Romania bought 12% of the 10-year Eurobonds, followed by investors from Germany and Austria (11%). Romania attracted EUR 2 billion on the international markets, two times more than the planned amount, as the total amount was over EUR 3 billion.

The country sold 20-year euro-denominated bonds worth EUR 750 million at 245 basis points above the mid-swap rate, which is currently just under 1%, and 10-year bonds worth EUR 1.25 billion at 190 basis points above mid-swaps.

The 20-year maturity is the longest that Romania has offered so far. editor@romania-insider.com