Eurobank EFG, involved for the second time in intermediation of a Eurobonds issue for Romanian State

Newsroom 16/03/2010 | 10:50

The government is planning to sell EUR 1 billion of five-year Eurobonds, with a 5 percent coupon. The bond issue has been oversubscribed about five times at a yield of 268 basis-points above the benchmark mid-swap rate. This is the largest offer of sovereign bonds issued by the Romanian state to date. Clifford Chance advised the international banks Deutsche Bank, HSBC and EFG Eurobank as joint lead managers in connection with the issue. It is for the second time consecutively when Eurobank EFG is involved in intermediation of a Eurobonds issue for the Romanian State, since 2008 when the group assisted Romania to attract EUR 750 million from international markets together with Swiss banks CreditSuisse and UBS. Overall, Eurobank EFG Group is a dedicated investor in the European region, with its international activities being a significant pillar of the Group’s future strategy for development. Besides, together with other banking groups in region, last year Eurobank EFG has been one of the main supporters worldwide to promote the support of the economies in the region through European Commission and “Vienna Initiative”, in cooperation with IMF, EBRD and EIB.

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