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December 1, 2021

Sporis: Government wants to issue bonds on international markets

In Q3 the government wants to issue bonds on international markets and to lower its financing from the local market, despite the fears generated by speculations concerning Greece’s exit from the Euro Area, Cristian Sporis, secretary of state within the Finance Ministry, stated for Bloomberg, Mediafax informs.  In Q1 Romania borrowed RON 26 bln from the local market and maintains its plan of placing up to EUR 2.5 bln (USD 3.2 bln) at international level this year, depending on market conditions, the official stated. Sporis added that Romania is not forced to borrow from international markets because it has reserves of approximately EUR 4 bln and is about to obtain a financing line of EUR 1 bln from the World Bank.

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