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Romania Plans 15-Year Bonds On Local Mkt, Roadshows On Foreign Mkts

Romania’s Finance Ministry negotiates issuing 15-year bonds on the domestic market, while planning two road-shows for foreign investors next year, state secretary Bogdan Dragoi said Tuesday.

Bogdan Neagu · 27 decembrie 2011 · 1 min de citit

“In 2011, the financing was balanced, with 50% from the domestic market, where we tried to extend maturities, and we are talking to extend to 15 years in 2012,” Dragoi told a news conference.

“We will organize at least two road-shows each year on the European and US markets. The last [road-show] in the US was in 1995. Since then, a lot happened… we will make the road-shows even without a bond issue in sight,” he added.

Romania will try to tap foreign markets at least two times a year, as the medium term notes (MTN) program stipulates. In November, Romania failed to launch a bond issue on the US market.

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