Fitch rates Romanias 5-year Eurobond BB+.

By bne IntelliNews June 14, 2011
International rating agency Fitch Ratings has assigned Romania's 5-year Eurobond, issued last week as part of a medium term notes programme, a rating of BB+, the agency announced. The EUR 1.5bn issue, which will mature on June 17, 2016, has a coupon of 5.25% and was issued at a yield of 5.3%. The Treasury accepted EUR 1.5bn out of the EUR 3bn offers placed by interested investors. Compared to the latest Eurobond issue in March 2010, for the same 5-year maturity, the yield increased from 5.17% and the volume of offers received by the Treasury shrank from EUR 5bn. The bonds rating is in line with Romania's BB+ long-term foreign currency Issuer Default Rating (IDR).
Read in IntelliNews Pro
Get IntelliNews Pro

Related Articles

Romania to spend EUR 37mn in 2013 to close down loss-making coal mines.

Romania's government has earmarked RON 163mn (EUR 37mn) worth of subsidies for 2013 under a programme aimed at closing down the loss-making mines of local company CNH located in the southwestern ... more

Romanias Hidroelectrica sells nearly 0.3TWh of electricity on free market.

Romanian state-controlled hydropower company Hidroelectrica sold on Thursday, March 21, in several separate contracts a total of 0.3TWh of baseload electricity deliverable between April 1 and the ... more

Romania to start privatisation of cargo railway company on April 6-8.

The Romanian government will publish the privatisation call for freight railway company CFR Marfa immediately after the consultants complete their work, probably on April 6-8, Romanian transport ... more

Follow Us On

Most Read

  1. Ukraine's birth rate plummets to 300-year low as country’s population collapses
    6 days ago
  2. Russia’s war economy boosted by rising oil prices
    7 days ago
  3. Fresh evidence suggests that the April 2022 Istanbul peace deal to end the war in Ukraine was stillborn
    6 days ago
  4. Iran vs Israel: Who is better equipped for war?
    9 days ago
  5. Oil continues to flow to Israel via Turkey despite Erdogan’s vehement speeches on plight of Gaza
    5 months ago
  1. Russia could pay off its entire external debt tomorrow, in cash
    24 days ago
  2. Speculation swirls of “Men in Blue” in Crocus City Hall terrorist attack linked to FSB
    28 days ago
  3. Albanians campaign on social media to keep bus bridge created in freak accident
    1 year ago
  4. BRICS announce a blockchain-based payment system to create a common currency
    26 days ago
  5. UBN: Russia could take the Baltic states in 48 hours
    1 month ago

Reports

Dismiss