At the first bond issue, with 7-year maturity, the ministry raised EUR2.25 billion at a mid-swap rate +2.75%.
At the second bond issue, with 20-year maturity, the ministry raised EUR750 million at a mid-swap rate +3.5%. At the third bond issue, with 10-year maturity, the ministry raised $2.10 billion at the 10-year US state paper interest rate + 2.1%. The Romanian Government faces a growing financing need to cover its budget deficit in order to roll over maturing debts.
Banks-Insurance
Romania Taps International Markets For EUR5B
Romania's finance ministry raised EUR5 billion on Sept 19 by tapping international markets with two euro-denominated bond issues and one US dollar-denominated bond issue, maturing in seven, twenty and ten years, respectively.