Bancpost, broker for Romania’s issue of eurobonds

Ministry of Public Finance designated the three financial institutions to whom it will entrust the brokerage of sale of Romania’s future issue of euro bonds.

The selected banks are Eurobank EFG/Bancpost, Deutsche Bank and HSBC Bank that will ensure the distribution of eurobonds to investors.
‘The fact that we were designated to be one of the three leaders that will manage Romania’s issue of eurobonds is an honour.

Our selection alongside the mother bank, for the second time in a row in an important issue such as the distribution of bonds to investors, especially in this unpredictable and difficult international economic context, proves the Public Finance Ministry’s confidence that we are prepared and can successfully meet, along with the other two partner banks, the missions entrusted to us by the Romanian state,’ said Mihai Bogza, president of Bancpost.

Bancpost alongside Eurobank EFG, together with UBS and Credit Suisse participated last year in July in the successful distribution to investors of Romania’s issue of eurobonds worth 750 million euros, on a 10-year period, with an interest of 6.5 percent a year.

The new issue of euro-bonds has an estimated value ranging between 50 million euros and 1.5 billion euros, with a maturity between 5 and 10 years, whereas the final value of the issue will be established depending on the existing conditions on the market and the needs for financing of the state budget.

Late in August, Ministry of Public Finance announced it selected 10 financial institutions for negotiations in view to the completion of the structure of administrators of the transaction of eurobonds.

The financial intuitions selected by the Ministry of Public Finance were Barclays Capital, Citibank, Credit Suisse, Deutsche Bank, Eurobank FG/Bancpost, Erste Bank/Romanian Commercial Bank, HSBC Group, ING, Societe Generele and Unicredit.

Bancpost is member of Eurobank EfG Group, a European banking institution with overall assets worth 84.5 billion euros.
The group has over 23,000 employees and provides products and services by its own network of 1,600 branches and selling points, and by alternative distribution channels.

Eurobank Group enjoys solid presence in Greece, Bulgaria, Serbia, Romania, Turkey, Poland, Ukraine, UK, Luxembourg and Cyprus. Eurobank EFG is member of EFG Group, a banking group present in 40 countries.

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