January 6 (SeeNews) - Romania plans to borrow up to $4 billion (3.8 billion euro) on international capital markets by issuing a series of dollar-denominated bonds to finance budget deficit and refinance government debt, the finance ministry said.
The government securities, to be issued under the government's Medium Term Notes programme, will have a maturity of five years or more, with two bond issues set to mature in ten and thirty years, respectively, the finance ministry said in a statement published in the Official Gazette on Thursday. It did not give a timeframe for the planned debt issuance.
The finance ministry also said it approved an early redemption of dollar-denominated bonds carrying coupons of 4.375% and 4.875% and maturing on August 22, 2023 and January 22, 2024, respectively.