Romania is offering bonds maturing in April 2033 at a fixed interest of 225 basis points over mid-swap, and bonds maturing in April 2041 at 265 basis points over mid-swap but the final price will be determined by demand.
Romania plans to tap international markets to borrow around EUR11 billion in the period April 2021-April 2022.
To cover the budget gap estimated at 7% of the gross domestic product, the government plans to borrow 48% from the domestic market and 52% from external markets.
The finance ministry plans to raise up to RON87 billion selling debt on the local market in 2021 and estimates it will raise up to EUR7.4 billion selling debt on international markets.