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).

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