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Romania Tapped Again External Markets

Published: February 22, 2013; 12:04 · (Vindobona)

In February, Romania borrowed USD 1.5bn in a 10-year Eurobond. Demand for debt papers was strong, Raiffeisen Research says.

Romania Tapped Again External Markets / Picture: © Flickr

Pricing was relatively good (average yield at 4.5%), reflecting positive attitude of foreign investors’ for Romania and Emerging Markets’ debt as well as ample liquidity in the global financial markets.

Following the buying euphoria related to the inclusion of local RON bonds in JP Morgan indexes, appetite of investors to buy RON government securities eased in…

This article includes a total of 778 words.

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