The ministry tries to launch the sale in the first half of the year and is now looking for favorable market conditions, Stefan Nanu said during an event held at the Bucharest stock exchange to mark the listing of Bucharest city’s bonds.
The treasury selected BCR, BRD and Raiffeisen to run the bond sale, which is estimated to raise more than 100 million lei (EUR22.6 million).
The city of Bucharest sold last week bonds worth a total RON2.2 billion (EUR500 million) on various maturities, and the issues were listed today in Bucharest.