Filip & Company assists the Ministry of Public Finance in USD 2.4 billion bond issue

Filip & Company provided legal assistance to the Ministry of Public Finance alongside Linklaters law firm in an early redemption and partial switch of three series of State bonds denominated in USD and maturing in 2022 (6.750% coupon), 2023 (4.375% coupon), and 2024 (4.875% coupon) as well as in the launching of a new USD 2.4 billion 2-tranche bond issue.

The first tranche amounting to USD 1.35 billion has a maturity of more than 5 years, while the second one, of USD 1.06 billion, has a maturity of more than 10 years. Part of the pre-existing bonds was switched with part of the new series of State bonds having a maturity of more than 10 years.

“The international markets have welcomed the switch and the new bond issues of Romania, just as they did with the other stock market operations of our country over the last years. We are glad to have been able to assist once again the Ministry of Finance on this project”, said Monica Stătescu, partner at Filip & Company.

The Filip & Company team that assisted the Ministry of Public Finance on this project mainly consisted of Alexandru Bîrsan (partner), Monica Stătescu (partner), Andreea Bănică (associate), and Andrei Anghel (associate).

Filip & Company has one of the most dynamic Financing and Capital Markets practices in Romania. The team of lawyers includes specialists with rich expertise acquired in complex internal and international transactions. Furthermore, the lawyers at Filip & Company are ranked first in the most prestigious international legal directories – Chambers and Partners, Legal 500, and IFLR – with their Capital Markets practice, both as a team as well as individually.