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June 30, 2022

Finances want to reopen Eurobond issuance launched in 2008

The Public Finance Ministry wants to reopen this year, out of reasons of costs, a discount Eurobond issuance launched in 2008 with a June 2018 maturity, an issuance through which it already drew EUR 750 M, so that the new bonds will have a residual maturity of six years, Mediafax notes. Through this operation the Treasury “plans to preempt external contagion effects whose evaluation is not possible at this time, by consolidating the forex financial buffer in view of financing the budget deficit and re-financing the public debt and in order to avoid possible pressures on the costs of financing caused by this phenomenon.” The administrators of the public debt explain the reopening of this issuance through the fact that a new operation on external markets would entail higher costs.

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