It raised EUR750 million selling 12-year bonds and EUR1.25 billion selling 20-year bonds. The deal was brokered by Barclays, ING, Societe Generale, Erste, and UniCredit.
“It’s good that the Finance Ministry tapped international financial markets because Romania has failed to attract sufficient EU funding. We need this money to finance our deficits and I hope the government uses it for investments,” said analyst Dragos Cabat.