The expansion of the program will also support early refinancing operations, providing Romania with flexibility in managing its public debt and access to financial resources.
The government approved the “Medium Term Notes” program in 2010, which was set at EUR7 billion at the time. The ceiling of the program is now EUR75 billion and the bonds so far issued stand at EUR73.3 billion.
Considering the financing needs for 2025, the Eurobond issues should amount to about EUR13 billion.
Also in 2025, about EUR2 billion worth of Eurobonds will reach maturity.
(English version by Loredana Fratila-Cristescu)