Romania to sell bonds of RON 50 bn in 2016


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During this year, Romanian Ministry of Public Finances (MFP) plans to issue medium term notes (MTN) on the foreign markets of EUR 3 billion and RON 48-50 billion worth of domestic treasury bills and bonds on the local market.

Moreover, according to MFP, in the first quarter of 2016 local bonds worth RON 14-16 billion could be issued.

Romania’s foreign funding target stands at EUR 4.5 billion for the current year and, in addition to Eurobonds, debt managers also plan to tap available funding from international financial institutions worth about EUR 1.5 billion.

Last year, Romania obtained EUR 2 billion from the sale of 10-year and 20-year Eurobonds and RON 36.4 billion from domestic bonds.

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