The Romanian Ministry of Finance will launch 3 Eurobond issuances this year, including its first ever 30-year Eurobonds.
The Eurobonds have maturities of 7, 15 and 30 years but the Ministry of Finance did not announce the indicative amount.
However, Romania hopes to borrow money from international investors at interest rates of 2.4 percent per year for the 7-year bonds, 3.8 percent for the 15-year bonds and 4.9 percent for the 30-year securities.
The issuance is brokered by Citi, Erste Group Bank AG, ING Bank NV, JP Morgan and Societe Generale.
In October 2018, Romania borrowed EUR 1.75 billion from international financial markets through a two-series Eurobonds issuance, of which EUR 1.15 billion had a 10-year maturity at an interest rate of 2.87 percent and EUR 600 million with a 20-year maturity and a 4.12 percent interest rate.