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Twenty-three Intl Banks Vie To Manage Romania’s Upcoming 500 Mln Euro Bond Issue - Media

Aug 17, 2009, 7:02:05 PMArticle by Sabina Kotova
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BUCHAREST (Romania), August 17 (SeeNews) – Romania’s Finance Ministry has received bids from 23 international banks interested in lead-managing the country’s 500 million euro ($705 million) bond issue scheduled for the end of this or the beginning of next year, Romanian media reported on Monday.

Twenty-three Intl Banks Vie To Manage Romania’s Upcoming 500 Mln Euro Bond Issue - Media

"Twenty-three out of the 27 banks that were invited have filed bids. Two banks said they will not participate, and we hadn’t heard anything from the remaining two by the time the deadline expired today at 1500 local time [1200 GMT]," Bucharest-based daily Ziarul Financiar (www.zf.ro) reported, quoting the chief of the country’s treasury, Laurentiu Andrei, as telling news agency Mediafax (www.mediafax.ro).

The official did not name any of the banks that had submitted offers.

The ministry plans to select the bond issue’s lead manager at the beginning of September, the daily said.

($=0.7091 euro)

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