Romania reportedly prepares new Eurobond issue – sources

By bne IntelliNews January 7, 2014

Romania has reportedly hired investment banks as intermediaries in a new, imminent Eurobond to be issued under the on-going medium-term notes programme, Reuters announced. BNP Paribas, Citigroup and JP Morgan will reportedly arrange the new issue, the news agency reads.

It is unclear whether the new issue will be denominated in euro or US dollars. But in December, a source familiar with the plans said that Romania had issued a request for proposal [RFP] for a new US dollar-denominated Eurobond.

Under the latest issue, Romania borrowed EUR 500mn in mid-October.

Later in November, Romania’s government expanded and prolonged the medium-term notes programme initially announced in 2010. Thus, the limit was nearly doubled to EUR 15bn from EUR 8bn initially. The programme will expire at the end of 2016 instead of at end-2013.

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