Stiri	Stiri afaceri	Stiri companii	Evenimente de afaceri

Bloomberg: Romania to meet investors on Nov 11 for planned Dollar bond

Romania will meet investors starting Nov. 11 to discuss the sale of dollar-denominated bonds under a 7 billion-euro ($9.6 billion ) medium-term notes plan, Deputy Finance Minister Bogdan Dragoi said.

The government has finished upgrading its three-year program to be able to issue dollar bonds and a final decision on the sale will depend on market conditions, Dragoi told reporters in Bucharest. The road show, which will visit London and the U.S., will last until Nov. 16, he said.

The eastern European country seeks to tap the international markets for the second time this year to reduce borrowing costs and help keep its budget deficit within the ceiling of 4.4 percent of gross domestic product, after it stopped relying on an international bailout earlier this year.

Romania sold 1.5 billion euros of five-year bonds in its biggest offering of debt to international investors in June, after it stopped drawing funds in March from a 20 billion-euro bailout led by International Monetary Fund and cut public wages and raised taxes to narrow its budget deficit.

Citigroup Inc., Deutsche Bank AG and HSBC Holdings Plc will be managers of the sale, Dragoi said.

Sursa: http://www.actmedia.eu

Tags: dollar investors romania euro

Articole similare