| 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. |
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