BUCHAREST (Romania), September 18 (SeeNews) – Romania’s Finance Ministry could launch a planned Eurobond issue between October 1 and 15, local daily Ziarul Financiar said on Friday quoting a report of news agency Mediafax.
The issue will be worth between 500 million euro and 1.5 billion euro ($735 million-$2.2 billion), the finance ministry said earlier.
It picked Deutsche Bank, EFG Eurobank, and HSBC Bank as the issue’s lead-managers, and a consortium comprising international law firm Slaughter and May and Bucharest-based Bulboaca&Asociatii as the legal advisor.
The government will set the value of the planned Eurobond according to its financing needs and the market conditions at the time of the issue.
Romania will use the raised funds to finance its budget deficit and re-finance public debt.
($ = 0.6806 euro)