25 international banks eye domestic Eurobond issue

Romania comes back after a four-year brake to the external capital market, the Ministry of Economy and Finance having announced its intention of releasing an issue of Eurobonds in a value of EUR 500 M some time ago.

Minister of Economy and Finance, Varujan Vosganian has stated that 25 international banks had inquired after the possibility of acting as intermediaries for the EUR 500 M Eurobond issue Romania is going to release on the foreign market.

‘During my trip to Washington early this week I met up with representatives of 15 of the 25 banks with whom I had talks on the intermediation of our Eurobond issue’ said the minister quoted by Rompres. He added that the money raised from the Eurobond issue would be spent on re-financing older debts maturing halfway through next year. (more…)

Add comment October 30th, 2007

Outsourcing Grows More and More

Contrary to reports showing that outsourcing is dwindling down, a research report shows that outsourcing deals are indeed growing and actually have reached the status of “mega deals”.

Here is an interesting excerpt from the research study done by Forrester:

Results found that 84 deals in total were closed in EMEA during the second quarter worth over €5.4 (£3.8 million), which is 19 more deals than in the same period last year.

IT infrastructure deals accounted for 45 per cent of all outsourcing contracts and help desk and support services also increased substantially, making up at least 44 per cent of the contracts. (more…)

Add comment October 30th, 2007