The 10-year issue (maturing in February 2031) carries an interest of 265 basis points over mid-swap, while the 30-year issue (maturing in February 2051) has a fixed interest 4.25% payable on a half-yearly basis.
Romania last tapped international markets in May, when it raised EUR3.3 billion. It also raised EUR3 billion in March, before the coronavirus pandemic sharply raised the country’s financing needs. The government is looking to fill a budget gap of RON72 billion this year.