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May 24, 2022

Filip & Company assisted the Ministry of Public Finance in a EUR 3.5 billion Eurobond issue

Filip & Company, in collaboration with Linklaters, assisted the Ministry of Public Finance in a two-tranche Eurobond issue that drew over EUR 3.5 billion from the international markets.

The first tranche of EUR 2 billion has a 9-year maturity and a 1.750% annual interest rate, while the second one amounts to EUR 1.5 billion, has an over 20-year maturity and a 2.875% annual interest rate.

The success of this new Eurobond issue reconfirms the trust that our country enjoys from investors at international level. During this challenging period caused by the pandemic, the significant demand of from investors and the pricing terms of this transaction are special achievements for Romania. We are glad to have assisted the Ministry of Public Finance in this new issue that reflects the positive perception that investment environments and financial markets have of our country’’s long-term evolution”, said Monica Stătescu 9photo), partner at Filip & Company.

The Filip & Company team that assisted the Ministry of Public Finance on this project mainly consisted of Alexandru Bîrsan (partner), Monica Stătescu (partner), Andreea Bănică (associate) and Lavinia Cazacu (associate).

Over the last years, Filip & Company was successfully involved in many benchmark transactions on the Romanian capital market, whether they were share or bond offers, as well as in all the bond issues of the Romanian State on the external markets. The Filip & Company lawyers are ranked first in the most prestigious international directories – Chambers and Partners, Legal 500 and IFLR in the Capital Markets practice, both as a team as well as individually, and Alexandru Bîrsan is included in the Legal 500’s “Hall of fame” for this practice area.

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