Issue of eurobonds to be released over Oct. 1-15

Ministry of Public Finace (MFP) estimates that over October 1-15 will release the issue of eurobonds with a value ranging from 500 million euros and 1.5 billion euros, said the general manager of the state treasury Laurentiu Andrei, cited by daily Ziarul Financiar.

‘We are to begin the roadshow in the upcoming period. Our estimate is that the issue will be released over October 1 and October 15 at the most,’ said Andrei.

The issue of eurobonds has a maturity ranging between 5 and 10 years and the final value of the issue will be established depending on the conditions existing on the market and the needs of financing of the state budget. For the brokerage of the issue of eurobonds, the Finance Ministry has selected banks Deutsche Bank, EFG Eurobank and HSBC Bank and the consortium Slaughter and May – Bulboaca & Asociatii SCA to provide judicial services, reads the aforementioned source.

The Ministry of Finance has released on foreign markets in June last year an issue of eurobonds worth 750 million euros with an interest rate of 6.5% and a 6.69% yield.

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