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BUCHAREST - Romania, acting through the Ministry of Finance, announced Thursday it plans to issue euro-denominated bonds in three tranches with maturities of 7, 12 and 20 years, according to a pre-stabilization notice.
JP Morgan SE will serve as the stabilization coordinator, with Citi, Erste Group, HSBC, ING, JP Morgan, and Raiffeisen Bank International acting as stabilization managers.
The benchmark-sized fixed-rate senior unsecured notes will be listed on the Luxembourg Stock Exchange. The stabilization period is expected to begin October 2 and end no later than November 2, 2025.
The stabilization managers may over-allot securities by up to 5% of the aggregate nominal amount to support the market price of the securities, though stabilization is not guaranteed to occur.
The bonds will be issued in denominations of €1,000, with pricing details yet to be announced.
This bond issuance represents Romania’s latest effort to raise funds in international markets. The announcement comes as part of standard procedures for sovereign debt issuance, as outlined in the press release statement.
The securities have not been registered under the United States Securities Act of 1933 and are not being offered in the United States.
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