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BUCHAREST - Romania, acting through the Ministry of Finance, has raised €4 billion through a triple-tranche bond issuance, according to a post-stabilisation announcement released Friday.
The offering consisted of €2 billion in long 7-year notes priced at 99.351%, €1 billion in 12-year notes at 99.312%, and €1 billion in 20-year notes at 98.690%. All three tranches are fixed-rate senior unsecured notes that will be listed on the Luxembourg Stock Exchange.
JP Morgan SE served as the stabilisation coordinator for the transaction, with Citi, Erste Group, HSBC, ING, JP Morgan, and Raiffeisen Bank International acting as stabilisation managers.
The post-stabilisation notice indicated that no stabilisation measures were undertaken by the stabilisation managers in relation to the securities offering. Stabilisation measures are sometimes implemented to support the price of newly issued securities.
This bond issuance represents Romania’s latest move to secure long-term financing in international capital markets. The country has been actively managing its debt portfolio amid evolving economic conditions in Europe.
The information was disclosed in a regulatory announcement to the London Stock Exchange.
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