Capital municipality sells bonds of up to RON 2.2 bn

0

Get real time updates directly on you device, subscribe now.

Bucharest City Hall wants to attract up to RON 2.2 billion by issuing bonds in national currency with maturities of 3, 5, 7 and 10 years, according to market sources, Mediafax informs.

The bond issue of RON 550 million for each maturity, will have the term on May 4, 2018, on May 4, 2020, on May 4, 2022 and on May 4, 2025.

The municipality announced in November last year that plans to issue bonds denominated in lei, which will be listed on the Bucharest Stock Exchange (BVB), to repay bonds maturities on June 22, 2015.

In 2005, Bucharest City Hall has borrowed EUR 500 million from the foreign markets to build the Basarab overpass, for the acquisition of new trams and for urban infrastructure rehabilitation.

 

DONATE: Support our work
In an ever changing and challenging world, the media is constantly struggling to resist. Romania Journal makes no exception. We’ve been informing you, our readers, for almost 10 years, as extensively as we can, but, as we reject any state funding and private advertising is scarce, we need your help to keep on going.
So, if you enjoy our work, you can contribute to endorse the Romania Journal team. Any amount is welcome, no strings attached. Choose to join with one of the following options:
Donate with PayPal
Donate by Bank Wire
Black Zonure SRL
UniCredit Bank. Swift: BACXROBU
RON: RO84 BACX 0000 0022 3589 1000
EURO: RO57 BACX 0000 0022 3589 1001
USD: RO30 BACX 0000 0022 3589 1002

Leave A Reply

Your email address will not be published.