Romania raises USD 1.5 bln financing from US market in ten – year bonds
2013-02-15 12:37:11
Romania managed to attract a financing of USD 1.5 billion via a bonds issuance for the American market. The ten-year bonds bring a yield of 4.5 percent, under the initial proposed yield of 4.6 percent. The bonds issuance was coordinated by Barclays, BNP Paribas, Citigroup and HSBC.
Romania is targeting EUR 2.5 billion in external financing for this year, which is the option it chose to using the money from the International Monetary Fund (IMF).
Romania attracted around EUR 2.5 billion in January, plus an extra EUR 502 million in three-year bonds. January 2013′s figures are remarkable when it is considered that for the whole of last year, Romania raised EUR 2.25 billion and USD 2.24 billion from external markets.
The target for February this year was of EUR 820 million, less than half of what was attracted in January.