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August 4, 2021
ECONOMY FINANCE&BANKING

Romania aims to sell bonds worth around 50bn lei, attract 3bn euros in 2016

Ministry of Public Finance (MFP) estimates to attract during this year three billion euros from the financial markets through the framework programme of issuing government bonds in the medium term – Medium Term Notes (MTN) – and of 48-50 billion lei from the internal market, through domestic bonds and treasury bills, Reuters reports.

Romania’s objective regarding external financing amounts to 4.5 billion euros and, alongside eurobonds, available funding of approximately 1.5 billion euros will be accessed from international financial institutions. According to the MFP, in the first quarter of 2016 local bonds worth 14-16 billion lei could be issued.

In 2015, Romania obtained two billion US dollars from the sale of 10-year and 20-year eurobonds and 36.4 billion lei from domestic bonds.

Romania received a Baa3 ranking from credit ranking agency Moody’s and a BBB- ranking from Standard & Poor’s and Fitch.

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