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Published on 7/8/2021 in the Prospect News Emerging Markets Daily.

New Issue: Romania prices €3.5 billion notes in two tranches due in nine, 20 years

By Rebecca Melvin

Concord, N.H., July 8 – Romania, acting through the Ministry of Public Finance, priced €3.5 billion of nine-year notes and long 20-year notes, according to a regulatory notice on Thursday.

The €2 billion tranche of nine-year notes priced at 99.95 and the €1.5 billion tranche of 20-year notes priced at 98.218.

JPMorgan, Erste Bank, ING, RBI and Unicredit were the managers of the Regulation S offering.

The issuance follows closely on the heels of €3.5 billion of notes in two tranches that the sovereign sold in April.

Issuer:Romania
Issue:Notes
Amount:€3.5 billion
Bookrunners:JPMorgan, Erste Bank, ING, RBI and Unicredit
Pricing date:July 7
Distribution:Regulation S
2030 bonds
Amount:€2 billion
Maturity:2030
Price:99.95
2041 bonds
Amount:€1.5 billion
Maturity:2041
Price:98.218

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