By Cristal Cody
Chicago, May 19 – Romania, acting through the Ministry of Public Finance, sold $1.75 billion of bonds in two parts on Wednesday, according to an announcement and a market source.
The transaction included a $1 billion tranche of 5¼% 5.5-year bonds that priced with a 99.764 discount and a spread over Treasuries of 240 basis points. Initial spread talk has been in the 250 bps area.
The other part of the deal priced as $750 million of 6% 12-year notes. The discount was 99.839, with the spread pricing as 310 bps over Treasuries against talk in the 320 bps area.
Citigroup, Erste Group, JPMorgan, Raiffeisen Bank International and Societe Generale are bookrunners for the offering.
The Rule 144A and Regulation S deal is expected to be listed on the Luxembourg Stock Exchange.
| Issuer: | Romania
|
| Amount: | $1.75 billion
|
| Issue: | Bonds
|
| Bookrunners: | Citigroup, Erste Group, JPMorgan, Raiffeisen Bank International and Societe Generale
|
| Trade date: | May 18
|
| Distribution: | Rule 144A and Regulation S
|
|
|
| 2027 notes
|
| Amount: | $1 billion
|
| Maturity: | Nov. 15, 2027
|
| Coupon: | 5¼%
|
| Price: | 99.764
|
| Spread: | Treasuries plus 240 bps
|
| Price talk: | Treasuries plus 250 bps area
|
|
|
| 2034 notes
|
| Amount: | $750 million
|
| Maturity: | May 23, 2034
|
| Coupon: | 6%
|
| Price: | 99.839
|
| Spread: | Treasuries plus 310 bps
|
| Price talk: | Treasuries plus 320 bps area
|
|
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.
