Romania hires four banks for USD-denominated bond issue report.

By bne IntelliNews December 3, 2012
Romania has hired Barclays, BNP Paribas, Citigroup and HSBC for a planned issue of USD-denominated bonds, Reuters reported citing unnamed sources. The issue will likely be launched next year. Romania's last tapped the foreign market with a EUR 1.5bn Eurobond issue on October 31. The seven-year bonds were issued at a yield of 5.04%. Rating agency Fitch has assigned a BBB- rating on the bonds due November 7, 2019. Earlier this year, Romania sold USD 2.25bn in USD-denominated bonds in two auctions.

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