Romania has hired Barclays, BNP Paribas, Citigroup and HSBC for a planned issue of USD-denominated bonds, Reuters reported citing unnamed sources. The issue will likely be launched next year. Romania's last tapped the foreign market with a EUR 1.5bn Eurobond issue on October 31. The seven-year bonds were issued at a yield of 5.04%. Rating agency Fitch has assigned a BBB- rating on the bonds due November 7, 2019. Earlier this year, Romania sold USD 2.25bn in USD-denominated bonds in two auctions. |
Romania's government has earmarked RON 163mn (EUR 37mn) worth of subsidies for 2013 under a programme aimed at closing down the loss-making mines of local company CNH located in the southwestern ... more
Romanian state-controlled hydropower company Hidroelectrica sold on Thursday, March 21, in several separate contracts a total of 0.3TWh of baseload electricity deliverable between April 1 and the ... more
The Romanian government will publish the privatisation call for freight railway company CFR Marfa immediately after the consultants complete their work, probably on April 6-8, Romanian transport ... more