Romania to seek opportunities for launching foreign bond in 2012.

By bne IntelliNews January 3, 2012
Romania will organise at least two road-shows this year before foreign investors who might be interested in any potential debt paper issues, state secretary at the finance ministry, Bogdan Dragoi, told news agency Mediafax. Meeting potential investors will be done even in the absence of a specific bond offering, Dragoi said. Yet, the government will most likely not miss any opportunity to tap the foreign markets if the investors' sentiment improves. Romania failed in the autumn of 2011 to launch a USD-denominated bond as part of a three-year medium-term notes programme worth EUR 7bn that was launched in late 2010. Dragoi, who also heads the treasury department, said there were positive movements in the public debt financing in 2011, adding that the maturity of the local debt increased and the foreign financing accounted for 50%. In 2012, the treasury will test the local market with even longer, 15-year, maturing bonds.

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

Notice: Undefined index: subject_id in /var/www/html/application/controllers/IndexController.php on line 335
Dismiss