Romania plans to tap the international markets once again in the first half of this year, after raising USD 2 billion from a bond sale this week, reports Bloomberg newswire.
The country aims to 10-year euro bonds once a “window of opportunity opens”, as part of a wider strategy to lengthen debt maturities, according to delegate budget minister Liviu Voinea.
“We are done with dollar denominated issues this year, but we will come to the market in the first half of 2014 with a 10-year, euro-denominated issue,” said Voinea. “Market conditions are not as favorable as they were last year from an international context point of view, but our job is to tighten the spread.”
Romania’s aims to raise EUR 2 billion from international markets this year and Voinea predicts this target will be exceeded, “based on market conditions.”
According to Reuters newswire, the 30-year bond issue earlier this week was a milestone for Romania, becoming the sixth CEEMEA nation to issue notes with this maturity after Hungary, Israel, Poland, Russia and Turkey.
Ovidiu Posirca