The issue was launched at a yield of 2.992% and demand was nearly double, at over EUR1.85 billion. The deal was led by Citigroup Inc, JP Morgan, Raiffeisen Bank International AG, Societe Generale, and UniCredit SpA.
“This confirms good sentiment and investor confidence in the fundamentals of the Romanian economy amid a volatile market context. The fact that it was oversubscribed shows Romania is on an ascending economic path,” said finance minister Anca Dragu.
This is the second Eurobond issue this year after the country borrowed EUR1.25 billion in February. The country plans to borrow a total of EUR3 billion from external markets this year.