Romania has borrowed $ 750 million on Wall Street

Romania has borrowed $ 750 million on Wall Street

Published at: 2012-03-02 08:42 | Author: CIJ Journal
Romania has attracted another USD 750m from the U.S. market by reopening a 10-year bond issue launched in January, securities with a yield of 6.45%, down from 6.875% and the offer exceeded four times amount borrowed.
Subscriptions totaled $ 3.2 billion.
Securities were sold with a coupon of 6.75% and, considering first the yield is 6.45%.
The issue is due at the February 7, 2022.
The issue is reopened because there is still demand for bonds on the Romanian market and investors wanting exposure to Romania, said in a statement Finance Minister Bogdan Dragoi.
He added that the Finance Ministry is equally concerned about the financing of the domestic market, where borrowing costs have fallen lately.
The Wall Street Experts estimated that Romania will get lower interest rates to the second bond issue for the U.S. market.
In financing case from the domestic market, the yield fell on 27.02.2012 to a record low of 5.22% for the six month program.

Similar Stories:

OTP Bank named best digital bank in Hungary
Global Finance has named OTP Bank the best digital bank in Hungary. This is the third time  »
Hungarian forint liquidity rose in July
The National Bank of Hungary reports that the volume of forint held by banks in overnight  »
CPI issues another $100m in bonds
CPI Property Group has issued $100m in bonds, notes that will be consolidated with an exis  »
CKB takes over Societe Generale Bank of Montenegro
Crnogorska komercijalna banka (CKB), a member of Hungary’s OTP Group, took over a contro  »
Can you explain the issue of the so-called Greed Tax that was created by the Romanian gove   »
CIJ: Why is the financial crisis from the last decade still relevant today? The echoes ar   »
One of the long-standing paradoxes of Slovakia’s property market has long how difficult   »
The future is not out of our hands. Indeed, the main purpose of organised real estate is t   »