“There is a window of opportunity in international markets that Romania may use,” the sources told Mediafax.
They said the ministry has authorized Citigroup, Societe Generale, UniCredit and ING to arrange a bond issue with a maturity of 10 years.
In January, Romania sold a planned $2 billion of 10 and 30 years US dollar-denominated notes at a dual-tranche bond issue. The average yields were in the 5% area for the 10-year bonds and in the 6.23% area for the 30-year notes.
Apart from the dollar-denominated bonds, the country sold this year 11.25 billion lei (EUR2.52 billion) in local currency and EUR678.7 million at three euro-denominated auctions on the Romanian market. (EUR1=RON4.4603)