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Romania's Focsani Municipal Bonds Worth 28 Mln Lei (6.6 Mln Euro) Start Trading on Bucharest Bourse

Sep 18, 2009, 12:30:09 PMArticle by Sabina Kotova
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September 18 (SeeNews) - Municipal bonds worth 28 million lei ($9.6 million/6.6 million euro) issued by the city of Focsani, located in southeastern Romania, have started trading on the Bucharest Stock Exchange, BVB, on Friday, bourse data showed.

Romania's Focsani Municipal Bonds Worth 28 Mln Lei (6.6 Mln Euro) Start Trading on Bucharest Bourse

The 280,000 bonds with a face value of 100 lei each were issued in June this year and will mature on November 15, 2026, the BVB said in a statement.

The bonds bear a half-year interest rate equal to the arithmetic average of the three-month Romanian interbank rates ROBOR and ROBID plus a spread of 0.9%.

(1 euro = 4.2687 Romanian lei)

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