EUR 1 bn from foreign markets through a 12-year bond issue

0 37

Romania has drawn EUR 1 billion from foreign markets through a 12-year bond issue at a yield of 2.992 percent, the Ministry of Public Finance (MFP) reads Friday in a press release, almost twice oversubscribed.

The investment base of transaction was diversified, both geographically and types of investors with a higher granularity and the presence of new investors compared to the previous issues, MFP notes.

The geographic distribution of investors was: Germany and Austria (20 percent), Romania (19 percent), UK (13 percent), Central and Eastern Europe (11 percent), Scandinavia (9 percent), USA (7 percent), France and Benelux (7 percent), Italy and other southern European countries (7 percent), Switzerland (6 percent), other countries (1 percent).

As regards the types of investors, fund managers predominated (52 percent), followed by banks and private banks (26 percent), pension funds and insurance companies (21 percent) and others (1 percent).

“This transaction confirms the very good perception and investment environments confidence in the Romanian economy’s fundamentals in a volatile market context. The fact that the bond issue was oversubscribed shows that Romania is on an upward economic trajectory, with economic growth in EU’s top and with fiscal budgetary stability,” Fin Min Anca Dragu said.

- Advertisement -

Leave A Reply

Your email address will not be published.

This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Accept Read More