USD bond issue on US market, resumed

Romania resumed yesterday its ten-year USD bond emission on the US market with a 6.75 pc-coupon, announcing an estimative yield of 6.5 pc, Mediafax reports. By order of the Public Finance Ministry, the indicative value was set at USD 500 M to 1bln. In late January Romania issued USD 1.5bln-worth of ten-year bonds, at a yield of 6.875 pc. After a 16 years’ absence from the American market, Romania needed two road shows to persuade USD investors that it had already adopted the belt-tightening measures that other European countries are barely beginning to discuss.

Related posts

Banks become fewer and more expensive, BNR official says

First banking employers’ union in Romania

Nine O' Clock

No other requests made by Chevron concerning shale gas

Nine O' Clock

Leave a Comment