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05-Feb-2018
Romania has lent EUR 2 billion in a single day
Monitorul Expres
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Font size: author: e.g., 05.02.2018 Romania borrowed 2 billion euros on the international
financial markets, through an issue of euroobligaiuni in euro, in two tranches: EUR 750
million with maturity of 12 years and 1.25 billion euros with maturity of 20 years. The
transaction took place on 1 February. As admitted by the Finance Minister, even money are
using and for financing the budget deficit ".
"The transaction is part of the external financing plan which relates to the year 2018,
through this show Romania an important part of ensuring the necessary funding for foreign
markets this year, increasing at the same time financial Forex reserve at available to the
Treasury. At the same time, through maturitile, Romania has pursued the objective of
extending the maturity curve in euros ", explained the Ministry of public finances through a
press release.
The issue was mediated by Barclays Bank PLC, Erste Group Bank AG, Societe Generale,
Unicredit and ING Bank NV.
MPF may argues that the two cuts were made "at the smallest margin over the benchmark
quotations mid-swaps for maturitile issued". "The issue of euroobligaiuni carried out
yesterday is not a particular loan, but is a common tool that is used by the Ministry of public
finance to ensure the needs of financing the budget deficit and public debt refinancing.
However, these broadcasts reflect the perception of the investment environments and
financial markets over the long term evolution of Romania. Suprasubscrierea the two
installments of the show, as well as diversifying investment base both types of investors,
and geographically reflects long-term confidence in the economic development of our
country. This issue fits neatly into its strategy for managing the public debt of Government
aimed at extending the maturity of its debt portfolio and thereby reduce the risk of
refinancing, consolidation of Forex reserve available to Treasury, and minimizing long-term
costs related to loans from Government, "said Minister of public finance, Eugen Teodorovici.
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