October 30th, 2007
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.
â€˜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 issueâ€™ 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.
The Ministry of Economy and Finance has recently launched an for offers for the management of an issue of Eurobonds in the value of EUR 500 M with 10-year maturity, such offers being possible to submit before October 19.
According to MEF, the issue of the Eurobond is for the financing of the budget deficit and for re-financing the public debt.
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