Bogdan Drăgoi: Romania to launch Eurobonds within two months at the latest

Ş.C. (Tradus de Cosmin Ghidoveanu)
Ziarul BURSA #English Section / 11 septembrie 2009

THE MINISTRY OF PUBLIC FINANCE (MFP) SELECTED HSBC, DEUTSCHE BANK AND EFG EUROBANK TO ENSURE THE PLACEMENT AND THE DISTRIBUTION OF THE EUROBONDS WITH INVESTORS.

THE MINISTRY OF PUBLIC FINANCE (MFP) SELECTED HSBC, DEUTSCHE BANK AND EFG EUROBANK TO ENSURE THE PLACEMENT AND THE DISTRIBUTION OF THE EUROBONDS WITH INVESTORS.

The Ministry of Finance will launch a Eurobonds on the international markets within at most two months, but has not yet determined the size of this issue, the maturity and the price, Bogdan Drăgoi, secretary of state in the Ministry of Finance said yesterday.

"The Ministry intends to access the European Markets, but will only do this when the three aforementioned factors will be properly balanced", the secretary of state said.

For now, the Ministry of Finance announced that the issue of Eurobonds will have an estimated value of 500 million to 1.5 billion Euros, with a 5- to 7- years maturity.

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