BUCHAREST (Romania), September 8 (SeeNews) – Romania’s Finance Ministry said on Tuesday it has selected Deutsche Bank, EFG Eurobank, and HSBC Bank to lead-manage the country’s bond issue worth between 500 million euro and 1.5 billion euro ($724.2 million-$2.2 billion) scheduled for the end of 2009 or early 2010.
Last month Romania shortlisted Barclays Capital, Citibank N.A., Credit Suisse, Deutsche Bank AG, EFG Eurobank Ergasias SA/Bancpost SA, Erste Bank/Banca Comerciala Romana SA, HSBC Group, ING, Societe Generale and Unicredit out of 23 international banks that had submitted offers to lead-manage the placing.
The final value of the planned euro bond will be set according to the budget financing needs and the market conditions at the time of the issue, the ministry said in a statement.
Romania said earlier it would use the bond issue to finance its budget deficit and re-finance public debt.
($=0.693 euro)