“We are preparing intensively for our first issue, set right after the IMF/EU review mission, which marks a positive moment for investors and is also the best time to launch (the issue). It’s going to be a moment of maximum credibility,” Bogdan Dragoi, state secretary with the ministry, told MEDIAFAX.
Dragoi didn’t say how much the ministry is expecting to raise at the first bond issue of the MTN program, which is handled by Austria’s Erste Group Bank AG (EBS.RO) and French Societe Generale.
Joint teams from the IMF and the European Commission will be in Bucharest between January 25 and February 8 for the seventh and final review of Romania’s progress under a EUR20 billion multilateral financing package.